South Korea signs deal to pay more for U.S. troops after Trump demand

World

FILE PHOTO: Soldiers take pictures from a truck as U.S. President Donald Trump arrives via helicopter at Camp Humphreys, South Korea November 7, 2017. REUTERS/Jonathan Ernst

SEOUL (Reuters) – South Korean officials signed a short-term agreement on Sunday that would boost the amount Seoul contributes toward the upkeep of U.S. troops on the peninsula, after a previous deal lapsed amid U.S. President Donald Trump’s call for more money.

The new deal must still be approved by South Korea’s parliament, but it would boost South Korea’s contribution to 1.03 trillion won ($890 million) from 960 billion won in 2018.

Unlike past agreements, which lasted for five years, this deal is scheduled to expire in one year, potentially forcing both sides back to the bargaining table within months.

Reporting by Josh Smith; Editing by Neil Fullick

Articles You May Like

Uber’s self-driving unit valued at $7.25 billion in new investment
Spotify prompts Nordic pension funds to add private equity to playlists
Nintendo shares jump 17 percent after Tencent wins key China Switch sales approval
Thai navy boards cabin of fugitive ‘seasteaders’ facing death penalty
Notre-Dame blaze probably accidental, French prosecutors say

Leave a Reply

Your email address will not be published. Required fields are marked *