The United States and South Korea have tentatively agreed to a new deal covering the costs of maintaining the American military presence there. The agreement must still be approved by the South Korean government and ratified by its parliament, but it would see Seoul's contribution rise by 8.3% during the first year of the five-year deal.
WASHINGTON — The United States and South Korea have tentatively agreed to a new deal covering the costs of maintaining the American military presence there, the U.S. State Department and South Korea n foreign ministry announced Friday.
The agreement, which must still be approved by the South Korean government and ratified by its parliament before taking effect, would see Seoul’s contribution rise by 8.3% during the first year of the five-year deal, to $1.125 billion. Additional increases, capped at 5% per year, would then be applied.“The agreement will be a significant accomplishment for both sides, and will strengthen our alliance and our shared defense,” State Department spokesman Matthew Miller said in a statement.
He did not detail the costs to South Korea, which were outlined in a simultaneously released statement from the South Korean foreign ministry. The current agreement was not due to expire until next year, but the Biden administration had been pushing to complete the “Special Measures Agreement” with South Korea before November’sSouth Korea unveils its most powerful missile, which could reach North Korea’s underground bunkersWestern nations were desperate for Korean babies. Now many adoptees believe they were stolenmore to extend mutual defense agreements.
The new agreement, if approved by the South Koreans, would run until 2030, beyond the four-year term of the next U.S. president.
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