Posted : 2021-04-13 16:52 By Ahn Ho-young
The Federation of Korean Industries (FKI) and the Center for Strategic and International Studies (CSIS) in Washington, D.C. jointly hosted a webinar on April 1 on a topic we will have to face in not too distant future: How Korea and the Korean business community must prepare for the Korea-U.S. Summit. As I sat through the seminar as a panelist, many thoughts crossed my mind. I wish to share some of them.
First, good preparation must start with a good study of President Biden and his team. What impresses me most about the team is the consistency of its focus on both domestic and foreign issues. On domestic issues, Biden has been consistently focused on the pandemic, jobs, climate change and racial harmony, often declaring that the government can make changes to all these issues and lead the U.S. through his Build Back Better agenda.
South Korea agrees to 13.9% increase in U.S. troop-hosting costs
South Korea said Wednesday it has agreed with the United States to increase the costs of hosting U.S. troops by 13.9 percent this year from 2019 to a total of 1.18 trillion won ($1.03 billion).
Negotiations on the cost-sharing deal had dragged on as the administration of former U.S. President Donald Trump is said to have demanded a sharp increase in Seoul s contribution.
Supplied photo taken in Washington on March 7, 2021 shows the people in charge of negotiations on the cost-sharing deal between South Korea and the United States of South Korea hosting U.S. troops. (Photo courtesy of South Korea s Ministry of Foreign Affairs)(Kyodo)
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