Mar.09.2021: Cost-sharing deal finally clinched, amount not known

K-News Bulletin

English - March 09, 2021 00:00 - 5 minutes - 3.61 MB
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Korea and the United States reached agreement on defense cost-sharing Sunday after 18 months of wrangling and threats by the Donald Trump administration to charge Seoul up to $5 billion per year.

Seoul's Ministry of Foreign Affairs said in a statement Monday that the two sides reached an “agreement in principle” in their first in-person meeting in nearly a year. But details of the new multi-year deal were not disclosed.

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Full Article: https://koreajoongangdaily.joins.com/2021/03/08/national/diplomacy/Special-Measures-Agreement-SMA-defense-costsharing/20210308162707025.html