Military cost-sharing agreement: Seoul pay more to U.S. troops

Military cost-sharing agreement: Seoul pay more to U.S. troops

Date:

Military cost-sharing agreement: Seoul pay more to U.S. troops

Seoul: The United States and South Korea resolved a lengthy impasse as negotiators struck a deal that will see Seoul pay more to help maintain the 28,500 U.S. troops on the Korean Peninsula, the U.S. State Department announced.

“U.S. and ROK negotiators have reached agreement in principle on proposed text for a new Special Measures Agreement that will strengthen our Alliance and our shared defense,” the Bureau of Political-Military Affairs at the State Department tweeted on Sunday.

The Republic of Korea is the official name of South Korea.

The renewed pact includes a “negotiated increase” in support from South Korea and reaffirms the alliance as “the linchpin of peace, security and prosperity for Northeast Asia, a free and open Indo-Pacific, and across the world,” the bureau tweeted.

No details were released on the specific terms of the agreement.

Seoul had previously offered an increase of 13% over the $870 million share that it paid in 2019, but former U.S. President Donald Trump rejected the proposal, initially demanding that South Korea pay $5 billion per year. The 10th Special Measures Agreement expired in 2019 and the two sides had failed to come to a new arrangement before Sunday, placing the alliance under strain.

South Korea’s Ministry of Foreign Affairs also announced the agreement, which came on the ninth round of negotiations overall and the first under the administration of U.S. President Joe Biden.

Share post:

Subscribe

Popular

More like this
Related

Airtel Offers Postpaid Customers Exclusive Mirzapur: The Movie Premiere Opportunity

Airtel has opened registrations for an exclusive Mirzapur: The...

Where Should You Keep Your Emergency Fund? Best Options Explained

An emergency fund should be easy to access when...

Amway Backs India’s Viksit Bharat Vision with Expansion in Ayurveda

Launches range of new products under Nutrilite Ayurveda; aims...