"The historic firearms are expected to be sold to American Korean War veterans and their families in time for the 62nd anniversary of the Korean War, which falls on June 25 this year.”
Sold only to "Korean War veterans and their families"?
"They currently sell for around $220, according to another defense ministry official."
Where did they dig up a number like that
A field grade M1 at CMP is $525 up to $695.
Service grade is $625 to $950.
Correct grade is $1,150.
Retail sellers are even higher.
CMP link - http://www.thecmp.org/Sales/rifles.htm
Don't know but the last group of Korean M1's I saw were worn out.