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South Korea to pay $1.1 billion in 2014 to host US troops

Published on Jan 12, 2014 12:31 PM
 

SEOUL (AFP) - South Korea said on Sunday it had agreed to pay about US$866.6 million (S$1.1 billion) this year to keep on its soil US troops who help guard against threats from North Korea.

Seoul's foreign ministry, after months of negotiation with Washington, confirmed this year's contribution of 920 billion won (S$1.1 billion), up 5.8 percent from last year.

The two allies also agreed on a maximum 4 percent annual increase in the amount until 2018, the ministry spokesman Cho Tai Young told reporters.

The South and the US have since 1991 shared the cost of hosting American soldiers, currently numbered at around 28,000 - the legacy of 1950-53 Korean War.

 
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