Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
South Korean military plans to launch new division for future warfare
-
7
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
The new defense cost-sharing agreement between South Korea and the United States took effect Wednesday, the foreign ministry said, a day after the National Assembly ratified the deal on sharing the cost for the upkeep of American troops here.
After Tuesday's parliamentary ratification, the two countries notified each other that all domestic procedures necessary for the agreement to go into effect have been completed, bringing the deal officially into force, the ministry said.
The pact, known as the Special Measures Agreement (SMA), "is expected to provide conditions for the stable stationing of the US Forces Korea (USFK) and greatly contribute to strengthening the South Korea-US alliance," the ministry said.
Under the new SMA, which will last until 2025, Seoul will pay 1.183 trillion won ($1.009 billion) this year, up 13.9 percent from last year, for the upkeep of the 28,500-strong USFK.
The deal was reached in March after 1 1/2 years of tough negotiations amid Washington's call for a sharp increase in Seoul's share under the previous Donald Trump administration. (Yonhap)
After Tuesday's parliamentary ratification, the two countries notified each other that all domestic procedures necessary for the agreement to go into effect have been completed, bringing the deal officially into force, the ministry said.
The pact, known as the Special Measures Agreement (SMA), "is expected to provide conditions for the stable stationing of the US Forces Korea (USFK) and greatly contribute to strengthening the South Korea-US alliance," the ministry said.
Under the new SMA, which will last until 2025, Seoul will pay 1.183 trillion won ($1.009 billion) this year, up 13.9 percent from last year, for the upkeep of the 28,500-strong USFK.
The deal was reached in March after 1 1/2 years of tough negotiations amid Washington's call for a sharp increase in Seoul's share under the previous Donald Trump administration. (Yonhap)
