Korean Lawmaker Claims USFK has $60 Million in Unused Funding
Apparently USFK has a bunch of unspent money provided by the ROK government:
The U.S. military has left unspent nearly 68 billion won, about $60 million, in South Korean funds provided over the past six years as part of defense burden-sharing agreements, according to data released this week by a South Korean lawmaker.
The unused funds amount to $7.4 million in 2014, $9.3 million in 2015, $4.8 million in 2016, $12.4 million in 2017, $17.5 million in 2018 and $6.7 million in 2019, according to the data provided by Rep. Jeon Hae-cheol of the ruling Democratic Party. (…….)
The figures — about 12.5% of the total for all six years — also gave insight into U.S. priorities for the South Korean funds. All the money allocated for local labor was used. Most of the unspent funds were earmarked for military facilities improvement and logistics support.
U.S. Forces Korea said it was working with the Ministry of National Defense to reconcile former Special Measures Agreement contributions.
“A significant portion of these funds are accounted as in-kind contributions from [South Korea] and, thus, not fully visible to USFK,” the command’s public affairs office told Stars and Stripes on Wednesday.
Stars & Stripes
You can read more at the link, but it appears the funds are likely what is leftover from construction projects that were Korean funded and the USFK bean counters may not have had visibility of. Regardless this hasn’t stopped the Korean lawmakers from saying this proves USFK does not need more funding.
If you’re complaining about the Korean lawmakers saying this proves USFK does not need more funding, then give us the list of where the $5 billion will be used. And no, you cannot double dip and include the cost of the US airforce stationed in Japan.
Commie Moon needs the money to pay all those he caused to become unemployed.
I think having an audit of the Korean figures might be a legitimate action. Just because someone says they contributed something doesn’t mean they did. There should be receipts provided to both parties.
Mind you, I have seen chaebol accounting and I was part of a contract LG Chemical signed and then tried to expand unilaterally to include other LG companies for the same price and timeline. So it’s a matter of trust but verify, right?
If only the Koreans knew about it, it is not money given to USFK and the so-called lawmaker needs to retract her statements
If USFK knew about it, then they got some ‘splainin’ to do.
All goes to thr “color of money” . Can’t use contruction dollars for employee salaries, for example. This is an asinine statement by a South Korean communist.