S Korea, US hold talks over cost-sharing for USFK
Feb 05, 2021
Seoul [South Korea], February 5 (ANI/Xinhua): Negotiators from South Korea and the United States held virtual talks on Friday over the sharing of upkeep cost for the US Forces Korea (USFK), the South Korean Foreign Ministry said.
The eighth round of negotiations for the 11th Special Measures Agreement (SMA), a South Korea-US pact to share the cost for about 28,500 US troops stationed in the Asian country, was held virtually amid the COVID-19 pandemic.
It is the first such meeting held since the January inauguration of the administration of new US President Joe Biden. Jeong Eun-bo was Seoul's chief negotiator, and his US counterpart was Donna Welton.
The foreign ministry said in a statement that the two sides held earnest discussions to address differences, and agreed to conclude the cost-sharing negotiations as early as possible and start the next round of talks in the near future.
The Tenth SMA reached in March 2019 expired at the end of that year.
Under the Tenth SMA, South Korea paid 1.04 trillion won (USD 925 million) in 2019 for the stationing of US forces, up 8.2 per cent from the previous year.
The former US administrations reportedly demand a sharp increase in contribution from South Korea for the upkeep cost.
Since 1991, South Korea has shared the upkeep cost for US soldiers here, including costs for South Korean civilians hired by the USFK, construction of military installations and logistics support. (ANI/Xinhua)
