Black Mug 15oz - BAR - Good Conduct - NDSM - Cold War Ribbons X 300 1st AD 50th Infantry Division (Phantom)" refers

50th Infantry Division (Phantom)" refers to a U

12' Army - Regimental Colors - 506th Parachute Infantry Regiment  - CURRAHEE

The "AFEM SVC" likely stands for Army Far East Mission Service or a similar term related to the logistics or service support provided by the Army to support the operation

The veteran likely served in combat and would have been involved in the medical evacuation of wounded soldiers from the battlefield

The 28th Infantry Division ("Keystone") is a unit of the United States Army National Guard

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