According to Comfort Women of the Empire, The 1965 Japan-South Korea Treaty was concluded to decide how to distribute assets. Japanese government asked South Korean government during treaty negotiation to identify and separate individual claims from the treaty because Japanese government wanted to make sure victims received compensation by delivering compensation directly to them. South Korean government declined, accepted the entire sum of 800 million dollars in place of its citizens and spent all of it on infrastructures and so on. Therefore, it is not reasonable for South Korean government to keep asking for additional compensation from Japan.
The articles of the treaty read as follows:
Diplomatic and consular relations shall be established between the High Con tracting Parties. The High Contracting Parties shall exchange diplomatic envoys with the Ambassadorial rank without delay. The High Contracting Parties will also establish consulates at locations to be agreed upon by the two Governments.
It is confirmed that all treaties or agreements concluded between the Empire of Japan and the Empire of Korea on or before August 22, 1910 are already null and void.
It is confirmed that the Government of the Republic of Korea is the only lawful Government in Korea as specified in the Resolution 195 (III) of the United Nations General Assembly.
(a) The High Contracting Parties will be guided by the principles of the Charter of the United Nations in their mutual relations.
(b) The High Contracting Parties will cooperate in conformity with the principles of the Charter of the United Nations in promoting their mutual welfare and common interests.
The High Contracting Parties will enter into negotiations at the earliest practicable date for the conclusion of treaties or agreements to place their trading, maritime and other commercial relations on a stable and friendly basis.
Article VI: The High Contracting Parties will enter into negotiations at the earliest practicable date for the conclusion of an agreement relating to civil air transport.
The present Treaty shall be ratified. The instruments of ratification shall be exchanged at Seoul as soon as possible. The present Treaty shall enter into force as from the date on which the instruments of ratification are exchanged.
At the beginning of 2005, the South Korean government disclosed over 1,000 pages of diplomatic documents which recorded the proceedings of the treaty. These documents showed that South Korea agreed not to demand compensation after receiving $800 million in loans and grants from Japan as compensation for their colonial rule which lasted from 1910-1945.
The South Korean government used most of the grants for economic development and failed to provide adequate compensation to victims by paying only 300,000 won per death in compensation between 1975 and 1977. Instead of using funds as they were meant to be allocated, the government spent most of the money establishing social infrastructures, building Gyeongbu Expressway and the Soyang Dam with technology from Japanese companies.