US, South Korea near tentative troop funding deal: Yonhap

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SEOUL (BLOOMBERG) - The United States and South Korea have tentatively reached a military cost-sharing agreement, the Yonhap news agency reported, potentially ending months of bickering over the Trump administration's demands for a massive increase.. Read more at straitstimes.com.

SEOUL - The United States and South Korea have tentatively reached a military cost-sharing agreement, the Yonhap news agency reported, potentially ending months of bickering over the Trump administration's demands for a massive increase.

General Robert Abrams, commander of US Forces Korea, called the furloughs"heartbreaking" and"unfortunate," saying in a statement the move was"not what we envisioned or hoped what would happen." The report did not mention how the two sides bridged a gap after President Donald Trump asked for as much as a five-fold increase and South Korea showed no signs of paying anywhere near that much.The two sides have been deadlocked over what's known as the Special Measures Agreement, with Trump initially demanding about US$5 billion a year from South Korea to pay for US security.

Negotiators from the US and South Korea met in March in Los Angeles but a wide gap remained between the two sides, according to a State Department spokesman who asked not to be identified discussing private deliberations.

 

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