By SETH ROBSON | STARS AND STRIPES Published: March 8, 2021 The United States and South Korea have agreed on a new cost-sharing agreement for stationing 28,500 U.S. troops on the peninsula, South Korea’s Foreign Ministry announced Monday. South Korean and U.S. negotiators met in Washington, D.C., from Friday to Sunday and reached a deal that South Korea will sign as soon as possible, the ministry said in a statement. “In the face-to-face meeting held after a year in the COVID-19 situation, both sides had consultations based on discussions between them in the meantime and reached an agreement in principle,” the statement said.
The United States and South Korea have agreed on a new cost-sharing agreement for stationing 28,500 U.S. troops on the peninsula, South Korea’s Foreign Ministry announced Monday.
South Korea and US Reach Agreement on Defense Cost Sharing
Seoul and Washington finally agreed on how to split the bill for the U.S. troops stationed in South Korea, but have not revealed details.
March 08, 2021
Republic of Korea Chairman of the Joint Chiefs of Staff Gen. Jeong Kyeong-doo and Gen. Vincent K. Brooks, Combined Forces Command, United States Forces Command and United Nations Command, and Gen. Kim Byeong-joo, CFC deputy commander, render the appropriate honors during a ceremony at United States Army Garrison Yongsan, Sept. 26, 2017.
Credit: U.S. Army photo by Staff Sgt. Eliverto Larios
Advertisement
After a three-day negotiation in Washington, South Korea and the United States have finally concluded their Special Measures Agreement (SMA) talks, according to a statement by South Korea’s Foreign Ministry on March 8. The SMA negotiations – which cover South Korea’s contribution to the cost of U.S. Forces Korea (USFK) – had been deadl
POSCO s Argentine lithium lake valuation backfires
Posted : 2021-03-07 15:56
By Nam Hyun-woo
POSCO s self-promotion of its investment into an Argentine lake having lithium reserves appears to be backfiring, as analysts and industry officials have raised doubts about the company s prediction that sales from the project will reach 35 trillion won ($31 billion).
Last week, POSCO said it was expecting a whopping 35 trillion won in value from the lithium reserves in the Hombre Muerto salt lake in Argentina, which the company acquired extraction rights to from Australia s Galaxy Resources for 310 billion won in 2018.
POSCO said that it expects this because it confirmed last year that there were 13.5 million tons of lithium in the lake, a six-fold increase from the 2.2 million tons estimated at the time of the investment, and the sharp hike in lithium prices over the last several months. But the company did not specify how it calculated the 35 trillion won.