U.S. and South Korea Sign Deal on Shared Defense Costs

Washington and Seoul on Sunday signed an agreement on how to share the cost of the American military presence in South Korea, resolving a dispute between the allies before President Trump’s meeting this month with Kim Jong-un, the North Korean leader.

Under the new deal, which still requires approval from the South Korean Parliament, Seoul will contribute about 1.04 trillion won, or $925 million, this year to help cover the expense of stationing 28,500 American troops in South Korea.

The allies will have to resume negotiations within months over how to share next year’s costs, giving the United States a chance to press for a far bigger South Korean contribution.

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