With Korea still divided along the 38th Parallel, it could also be called the unfinished war.

But, at an intimate ceremony at the Victory Memorial Gardens, the memories of the war that claimed 340 Australian lives came rushing back for Wagga woman Mitsue Stockley.

Ms Stockley was presented a peace medal on behalf of the Republic of Korea for the service her late husband, Royston, contributed to the war effort.

"I'm very proud," she said after receiving the medal.

"It made me cry. He was a very good hubby."

Mr Stockley, who served with the army on the Korean Peninsula between 1950 and 1953, is the last Wagga Korean War veteran to receive the award.

The South Korean government hands out the awards on a piece-by-piece basis.

Korean War Veterans Association NSW Riverina representative Alan Evans said the award stands for freedom.

"It's the generosity of the Korean people wanting to give us something back for what we've done to keep their freedom," he said.

Wagga RSL sub-branch president Kevin Kerr said the three year war was bloody.

Many of the men who died on the Korean Peninsula have not been declared formally dead as they went missing in action.

"There was a lot of loss on both sides," he said.

"It was a particularly vicious war."