SEOUL, Oct. 5 (Korea Bizwire) — About 68 billion won (US$58.4 million) out of South Korea’s defense contributions to the United States Forces Korea (USFK) over the six years from 2014 has been left unused, data from the defense ministry showed Monday. According to the data released by Rep. Jeon Hae-cheol of the ruling Democratic [...]
SEOUL, Nov. 18 (Korea Bizwire) — Progressive civic groups held rallies Monday to protest the U.S. demand that South Korea sharply raise its share of the cost of the upkeep of American troops stationed here and to call for a reduction in the number of U.S. soldiers. Activists gathered in front of the Korea Institute [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea signed a deal with the United States on Sunday to raise its contribution to the upkeep of American troops here by 8.2 percent this year. Top negotiators of the two sides inked the contract in Seoul, under which South Korea will pay 1.03 trillion won (US$890 million) [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea and the United States will sign a preliminary deal this weekend on splitting the costs of their military alliance, a diplomatic source in Seoul said Friday. A signing ceremony will be held in Seoul on Sunday, led by their top negotiators, Chang Won-sam and Timothy Betts, according [...]