Korea, U.S. to Continue Talks on Defense Cost Sharing

  • Arirang News

    September 26, 2019 08:49

    National Security Adviser Chung Eui-yong (left) shakes hands with his newly-appointed U.S. counterpart Robert O'Brien in New York on Tuesday. /Newsis

    Seoul and Washington have agreed to continue negotiations on sharing next year's upkeep of the U.S. Forces Korea. The agreement came after two days of inconclusive talks in Seoul.

    The Foreign Ministry here said Wednesday that officials from both sides hoped to reach a deal that reflects a "reasonable and fair" sharing of defense costs.

    But instead they only agreed to hold the next round of discussions in the U.S. sometime next month.

    In February last year, Seoul reluctantly settled for a one-year agreement that required it to pay US$1 billion or W1.12 trillion for this year, up a whopping 8.2-percent from the previous five-year agreement, and now U.S. President Donald Trump wants yet more money (US$1=W1,200).

    • Copyright © Chosunilbo & Chosun.com
    Previous Next
    All Headlines Back to Top