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Korea is expected to pay roughly US$570 million next year to keep American soldiers stationed here. After five rounds of negotiations, the Foreign Ministry says it has agreed to raise its share of the costs of maintaining over 28,000 U.S. troops here by 2.5 percent to reflect inflation.
Although last year Seoul paid over $500 million in cash, within the next three years such payment will be gradually replaced by the provision of material goods like facilities and equipment.
The ministry says this is to enhance transparency in sharing defense costs, and it plans to seek parliamentary approval as soon as possible.
Arirang News
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