South Korea, US sign cost-sharing deal for American troops
By HYUNG-JIN KIM Associated Press
February 10, 2019 04:45 AM,
SEOUL, South Korea
South Korea and the United States struck a new deal Sunday that increases Seoul's contribution for the cost of the American military presence on its soil, overcoming previous failed negotiations that caused worries about their decades-long alliance.
South Korea last year provided about $830 million, covering roughly 40 percent of the cost of the deployment of 28,500 U.S. soldiers whose presence is meant to deter aggression from North Korea. President Donald Trump has pushed for South Korea to pay more.
On Sunday, chief negotiators from the two countries signed a new cost-sharing plan, which requires South Korea to pay about 1.04 trillion won ($924 million) in 2019, Seoul's Foreign Ministry said in a statement.
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