SOUTH KOREA: Account Rendered

In the aftermath of war, when allies are no longer in arms against the common peril, there arises the unpleasant problem of which ally must pay the other for services rendered. After World War I. the canard spread that France had even collected rent for the use of trenches on its soil. Last week South Korea's President Syngman Rhee went just as far, if not much farther, in a bill for $684,600,000 that he sent to the U.N. Command, i.e., to the U.S.. which foots almost all the bills.

The U.S. spent $22 billion and took 140,000 casualties in the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!