Military Demarcation Line Armistice Agreement. Locals and foreigners will be allowed to cross the line at the Joint Security Area once this area is cleared. The DMZ runs near the 38th parallel, covering roughly . American and South Korean soldiers patrol this line along the South Korean side while North Korean soldiers patrol along the North Korean side. In Korean, the line is called the "Hyujeonseon" (휴전선), meaning "armistice line." It is also sometimes called the "Gunsa Bungye-seon" (군사분계선), which literally means "military demarcation line." However, in colloquial usage, the dividing line is more often called the "Sampalseon" (삼팔선, "38th parallel"), a name
Impact of the Korean War on the economy of the United States tensions with the Soviet Union, the Korean War further increased it. The Korean War cost the US$30 billion in 1953, which is equivalent to US$341 billion in 2011. During the last year of the war, annual war expenditure comprised about 14.1 percent of GDP. Approximately 34,000 Americans were killed in battle and about another 2,800 died from disease or injury, with total US casualties, which includes dead, wounded, and missing in action, adding up to 139,860. The "Korean War GI Bill" was implemented in 1952, eventually covering veterans between June 27, 1950 and February 1, 1955. It offered the same