S. Korea's Cabinet approves one-year deal to share cost of U.S. military presence
- 5 years ago
The South Korean government has approved the one-year deal to share the cost of stationing American troops in the nation.
During a Cabinet meeting Tuesday, Prime Minister Lee Nak-yon and related ministers voted on the bill to share the expense of keeping 28-thousand-500 U.S. soldiers in South Korea.
This comes after Seoul and Washington signed a new cost-sharing deal last month under which South Korea will contribute about 925 million U.S. dollars, up eight-point-two percent from what they paid before.
Once the agreement passes the National Assembly, and is approved by President Moon Jae-in, the deal will take effect.
During a Cabinet meeting Tuesday, Prime Minister Lee Nak-yon and related ministers voted on the bill to share the expense of keeping 28-thousand-500 U.S. soldiers in South Korea.
This comes after Seoul and Washington signed a new cost-sharing deal last month under which South Korea will contribute about 925 million U.S. dollars, up eight-point-two percent from what they paid before.
Once the agreement passes the National Assembly, and is approved by President Moon Jae-in, the deal will take effect.