Published: Wed, February 13, 2019
Global Media | By Garry Long

S. Korea announces hike in payment for United States troops

S. Korea announces hike in payment for United States troops

A senior South Korean ruling party legislator said last month that negotiations were deadlocked after the United States made a "sudden, unacceptable" demand that Seoul pay more than 1.4 trillion won per year. Yonhap said the USA had previously demanded 1.13 trillion won ($1 billion) from South Korea.

South Korea will pay the USA 1.04 trillion won ($924 million) as a contribution for maintaining 28,500 American troops in the region for a year, after a deal was signed in Seoul on Sunday.

The South Korean news agency Yonhap reported that Meari, which it described as "one of the North's propaganda outlets", insisted in a column Monday that Washington owes "corresponding practical action" to North Korea in exchange for "active and preemptive efforts" like not bombing Japan since 2017.

Scholars took exception with the notion that the deal is being received with applause in South Korea. "We will have to deal with them, but I think at this point we were able to close the gap on the total amount".

North Korea's leader Kim Jong Un (L) bids farewell to South Korean President Moon Jae-in (R) on Moon's departure from North Korea at Samjiyon airport on September 20, 2018 in Samjiyon, North Korea.

The state-run Radio Pyongyang also reportedly broadcast similar demands that the USA move towards "credible steps and responds with corresponding practical action".

"South Korea has to think about the cost involved in keeping the deterrence at the level they would like, while the threat is clearly present", James Kim, worldwide relations expert at the Asian Institute for Policy Studies in Seoul, told Sputnik Monday.

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Embark also received significant funding from Sequoia a year ago and has raised $47 million overall to date. The company presently employs around 250 workers split between its Bay Area and Pittsburgh campuses.

North and South Korea are pressing ahead with a joint bid to host to 2032 summer Olympic Games in a new sign of the unprecedented improvement in relations between the two countries.

Trump has complained that maintaining troops in South Korea is too expensive and said in the past that he would like to bring them home. President Donald Trump has said South Korea should pay more.

The two leaders held their first summit last June in Singapore.

Seoul contributes around 70 percent to cover the salaries of some 8,700 South Korean employees who provide administrative, technical and other services for the United States military.

"But in order for it to happen, everything has to go together - resolution of the North Korean nuclear issue, the U.S". The signing ceremony for the deal was held Sunday afternoon at the foreign ministry in Seoul by both countries' negotiators, Chang Won-sam and Timothy Betts.

But Trump told U.S. broadcaster CBS last week that he had "no plans" to remove U.S. troops from South Korea as part of a deal at the upcoming summit, although he admitted "maybe someday" he would withdraw them, adding: "It's very expensive to keep troops there".

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