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South Korea agrees to biggest increase in its share of cost for US troops in years | World

Wednesday, 10 Mar 2021 10:39 PM MYT The increase under the multi-year pact takes South Korea’s contribution for 2021 to 1.18 trillion won (RM4.3 billion). Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. SEOUL, March 10 South Korea has agreed to a 13.9 per cent increase in its contribution to the cost of hosting some 28,500 US troops for 2021, the biggest annual rise in nearly two decades after US calls for greater funding. The increase under the multi-year pact takes South Korea’s contribution for 2021 to 1.18 trillion won (RM4.3 billion) and settles a long-running dispute that had strained ties between Seoul and Washington during Donald Trump’s presidency.

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South Korea agrees to boost funding for US troops by 13 9 percent

South Korea agrees to boost funding for US troops by 13 9 percent
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Washington, Seoul reach consensus on new 6-year special measures agreement for US Forces Korea: US

Posted : 2021-03-09 09:53 U.S. Forces Korea s Camp Humphreys in Pyeongtaek, Gyeonggi Province, on Mar. 8 / Yonhap The new defense cost-sharing agreement between South Korea and the United States will be effective for six years if signed, a spokesman for the U.S. State Department said Monday. The first detail of the agreement came one day after the countries said they have reached a consensus on the agreement that will set South Korea s share of the burden in maintaining U.S. troops on the Korean Peninsula. The United States and Republic of Korea negotiators did reach a consensus on a proposed text of a new six-year Special Measures Agreement or SMA, that will strengthen our alliance and our shared defense, department spokesman Ned Price told a daily press briefing.

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Seoul s negotiator says S Korea, U S reached fair agreement on defense cost sharingNews

Seoul s negotiator says S Korea, U S reached fair agreement on defense cost sharingNews
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S Korea, U S reach deal on cost sharing for American troops stationed on peninsula: WSJ

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