This article analyzed the administrative transfer from USAMGIK which was one part of procedure of the cessation of USAMGIK and the chance to make Korean government to be possible to manage their own state. This article regarded the cessation of USAMGIK procedure as the base of new relationship between Korea and the US. To reveal it, this article focused on the ‘Initial Financial and Property Settlement Between the Government of the United States of America and the Government of the Republic of Korea (‘Financial Transfer Agreement’) ‘which was the last step of administrative authority transfer. This agreement was contracted based on the different purposes of two countries, and it could be proved through investigation on the organizing process, the joining procedure, and the effect of this agreement.
The US government tried to arrange USAMGIK’s finance elements like OFLC debt to employ their policy on Korea, and to regulate the way of administering Korean government through the financial transfer procedure. For doing it, the US government emphasized the USAMGIK’s finance comparing with other administrations during transfer procedure. The US government included some regulations not only for finances but also for overall government managing in the ‘Financial Transfer Agreement’.
Eventually, Korean government joined this agreement so that they could recover their administrative authority, and get accreditation from UN as the new government. At the same time, Korean government should follow the ‘Financial Transfer Agreement’, and it constrained to implement Korean government’s policy. Korean government could recover only limited administrative authority.
The ‘Financial Transfer Agreement’ reflected different dreams of two countries. For the US, the ‘Financial Transfer Agreement’ was the preparation for their policy on Korea which would be executed after establishment of Korean government. On the other hand, for Korean government, it was the way to secure legitimacy as a divided government competing with the North. Korean government tried to propagandize their legitimacy through recovering administrative authority with joining the ‘Financial Transfer Agreement’ in a hurry. It could be said that these two different purpose met in the ‘Financial Transfer Agreement’ and constructed the Korean-American relations after establishment of Korean government and cessation of USAMGIK.