US, South Korea reach cost sharing agreement on troop presence

Military Times: The U.S. and South Korea have reached a tentative cost-sharing agreement for the continued presence of U.S. troops there, the U.S. State Department confirmed Tuesday.

South Korea has been providing about $848 million a year to support the costs of helping approximately 28,500 U.S. troops on the Korean Peninsula, under an agreement that expired in December. CNN reported Monday that under the terms of the new agreement, Korea would pay roughly $1 billion a year.

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