S. Korea, U.S. to initial defense cost-sharing deal after ‘two plus two’ meeting: sources
March 15, 2021
South Korea and the United States plan to initial a recently concluded deal on the sharing of the cost for stationing U.S. troops here shortly after a “two plus two” meeting of their foreign and defense ministers in Seoul later this week, sources said Monday.
Ending 1 1/2 years of negotiations, the two sides reached the deal on March 7 to raise Seoul’s payment for the upkeep of the 28,500-strong U.S. Forces Korea by 13.9 percent to 1.183 trillion won (US$1.04 billion) this year from the previous year.