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House Panel Advances 2023 Defense Bill Maintaining U.S. Troop Level in S. Korea

SEOUL, June 24 (Korea Bizwire) — The U.S. House Armed Services Committee has endorsed an annual defense policy bill for the fiscal year 2023 maintaining the current level of around 28,500 American troops in South Korea, according to media reports Friday. The proposed National Defense Authorization Act (NDAA) for the fiscal year starting Oct. 1 [...]

S. Korea to Reduce Troop Numbers to 500,000 by 2022

SEOUL, Nov. 6 (Korea Bizwire) — South Korea said Wednesday that it will reduce its number of troops to 500,000 by 2022 in the latest move to tackle looming demographic challenges as Asia’s fourth-largest economy faces a rapidly aging population. Finance Minister Hong Nam-ki also said South Korea will reform the country’s military in a [...]