Business World

S. Korea signs deal to pay more for US troops

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SEOUL — Officials signed a shortterm agreement on Sunday to boost South Korea’s contributi­on toward the upkeep of US troops on the peninsula, after a previous deal lapsed amid US President Donald Trump’s call for the South to pay more.

About 28,500 US troops are stationed in South Korea, where the United States has maintained a military presence since the 1950-53 Korean War.

The new deal must still be approved by South Korea’s parliament, but it would boost its contributi­on to 1.03 trillion won ($890 million) from 960 billion won in 2018.

Unlike past agreements, which lasted for five years, this one is scheduled to expire in a year, potentiall­y forcing both sides back to the bargaining table within months.

“It has been a very long process, but ultimately a very successful process,” South Korean Foreign Minister Kyung-wha said at a meeting before another official from the foreign ministry initialed the agreement.

While acknowledg­ing lingering domestic criticism of the new deal and the need for parliament­ary approval, Ms. Kang said the response had “been positive so far.”

The US State Department senior adviser for security negotiatio­ns and agreements, Timothy Betts, met Ms. Kang before signing the agreement on behalf of the United States, and told her the money represente­d a small but important part of South Korea’s support for the alliance.

“The United States government realizes that South Korea does a lot for our alliance and for peace and stability in this region,” he said.

The allies had struggled to reach a breakthrou­gh despite 10 rounds of talks since March, amid Trump’s repeated calls for a sharp increase in South Korea’s contributi­on.

South Korean officials have said they had sought to limit its burden to $1 trillion won and make the accord valid for at least three years.

A senior South Korean ruling party legislator said last month that negotiatio­ns were deadlocked after the United States made a “sudden, unacceptab­le” demand that Seoul pay more than 1.4 trillion won per year. —

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