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South Korea, US sign new cost-sharing deal for US troops
February 10, 2019 | 8:39 PM
by ONA
US and South Korean marines participate in a US-South Korea joint landing operation drill in Pohang, South Korea. Photo - AFP file
 
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Seoul: The South Korean government signed a short-term agreement to increase the amount of its contributions to support US forces on the Korean peninsula after a previous deal ended under a call by US President Donald Trump for more funds.

To achieve this step, the South Korean parliament must approve the new agreement, which will raise South Korea's contribution to 1.03 trillion won ($ 890 million) from 960 billion won in 2018.

The agreement comes in contrast to the previous five-year agreements, ending this agreement within one year, which could force both sides to return to the negotiating table within months.

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.




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