S. Korea, US sign cost-sharing deal for American troops
SEOUL, SOUTHKOREA>> 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.
The development comes as President Donald Trump is set to hold his second summit with North Korean leader Kim Jong Un in Vietnam in late February.
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. Trump has pushed for South Korea to pay more.
On Sunday, chief negotiators from the two countries signed a new costsharing plan, which requires South Korea to pay about $924 million in 2019, Seoul’s Foreign Ministry said in a statement.