Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    Seoul blanketed by heaviest Nov. snow, with more expected

    Seoul blanketed by heaviest Nov. snow, with more expected
  3. 8

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
소아쌤

Korea, US nearing deal on defense cost sharing: lawmaker

By Yonhap

Published : Feb. 7, 2019 - 11:19

    • Link copied

South Korea and the United States may conclude their drawn-out negotiations on defense cost sharing as early as Thursday, a ruling party lawmaker said, adding Seoul's share will likely be set at around 1 trillion won ($889 million).

"The defense cost sharing negotiations have entered their final stage," Rep. Lee Soo-hyuck of the ruling Democratic Party told reporters.


(Yonhap) (Yonhap)

"(The sides) have agreed to set the amount only for this year, and are in the process of narrowing their differences to around 1.05 trillion won," said Lee, a member of the parliamentary committee on foreign affairs.

The amount is designed to reflect an 8.2-percent increase in Seoul's own defense spending in 2019, the lawmaker added.

Seoul paid about 960 billion won in 2018 as part of the cost to maintain 28,500 US troops here.

Previously, the allies renegotiated their burden sharing only once every five years.

The US is said to have demanded a minimum $1 billion for 2019, along with annual renewal of the cost-sharing agreement.

Lee said Seoul and Washington may initial their newest agreement before the day is over, and that the agreement may be sent to parliament for ratification in April. (Yonhap)

 

 

More from Headlines