Page "Treaty on Basic Relations between Japan and the Republic of Korea" Paragraph 8

The documents also recorded that the Korean government demanded a total of 364 million dollars in compensation for the 1. 03 million Koreans conscripted into the workforce and the military during the colonial period, at a rate of 200 dollars per survivor, 1, 650 dollars per death and 2, 000 dollars per injured person.

However, the South Korean government used most of the grants for economic development, failing to provide adequate compensation to victims by paying only 300, 000 won per death in compensating victims of forced labor between 1975 and 1977.

Instead, the government spent most of the money establishing social infrastructures, founding POSCO, building Gyeongbu Expressway and the Soyang Dam with the technology transfer from Japanese companies.