S. Korea, U.S. to hold new talks over cost-sharing for USFK

by IANS |



Seoul, April 22 (IANS) Negotiators from South Korea and the United States will hold talks in Honolulu, Hawaii this week to discuss how to share an upkeep cost for the U.S. Forces Korea (USFK), Seoul's foreign ministry said on Monday.


The first round of negotiations for the 12th Special Measures Agreement (SMA), the South Korea-U.S. deal on sharing a defense cost for about 28,500 U.S. troops stationed in South Korea, will be held in Honolulu from Tuesday to Thursday, Xinhua news agency reported.


According to the foreign ministry, South Korea has planned to consult with the United States on the basis of the principle that defense costs should be shared at a reasonable level to create stable conditions for the USFK presence and strengthen the South Korea-U.S. joint defense posture.


The 11th SMA, which was reached in 2021, is scheduled to expire at the end of 2025.


Under the 11th SMA, South Korea paid 1.18 trillion won (854.8 million U.S. dollars) in 2021 for the stationing of U.S. soldiers, up 13.9 percent compared to the previous year.


Since 1991, South Korea has shared the upkeep for the U.S. forces here, including costs for South Korean civilians hired by the USFK, construction of military installations and logistics support.



Latest News
Rajasthan Chief Justice inaugurates e-Facilities Centre Fri, Jul 26, 2024, 04:45 PM
Barack and Michelle Obama endorse Kamala Harris for US President Fri, Jul 26, 2024, 04:36 PM
Jonny Bairstow not ready to give up on England Test spot Fri, Jul 26, 2024, 04:26 PM
Thomas Partey hails Arsenal to 'avoid mistakes of last season' Fri, Jul 26, 2024, 03:58 PM
Changi Airport sees 13.4 per cent passenger increase in Q2 Fri, Jul 26, 2024, 03:44 PM
46 Kg of opium seized in Afghanistan, 3 arrested Fri, Jul 26, 2024, 03:27 PM
Over 6,20,000 affected by typhoon Gaemi in China Fri, Jul 26, 2024, 02:17 PM
Massive wildfires trigger evacuations, health alerts in US Fri, Jul 26, 2024, 02:04 PM
Philippines: One killed in Manila house fire Fri, Jul 26, 2024, 01:52 PM
LIC stock hits new lifetime high of Rs 1,178.60 Fri, Jul 26, 2024, 01:10 PM
'Street-smart' Suryakumar backed to rise up to India T20I captaincy challenge Fri, Jul 26, 2024, 01:08 PM
2 Indian military teams plant tri-colour on Mt. Elbrus in multinational military 'Climb for Peace' event Fri, Jul 26, 2024, 01:00 PM
iPhone exports from India touch new all-time high in April-June quarter Fri, Jul 26, 2024, 12:51 PM
Cong never respected Armed Forces, says BJP's Poonawalla on Kargil Vijay Diwas Fri, Jul 26, 2024, 12:48 PM
MyGov turns 10: Let's work towards a Viksit Bharat by 2047, says CEO Fri, Jul 26, 2024, 12:33 PM