South Korea to contribute $867 million for U.S. military forces in 2014

SEOUL Sat Jan 11, 2014 11:13pm EST

A U.S. soldier participates in a decontamination training against possible chemical, biological, radiological and nuclear threats at Steel Zenith Field Training Exercise in Yeoncheon, about 65 km (40 miles) north of Seoul, May 16, 2013. REUTERS/Lee Jae-Won

A U.S. soldier participates in a decontamination training against possible chemical, biological, radiological and nuclear threats at Steel Zenith Field Training Exercise in Yeoncheon, about 65 km (40 miles) north of Seoul, May 16, 2013.

Credit: Reuters/Lee Jae-Won

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SEOUL (Reuters) - South Korea said on Sunday it had agreed to pay 920 billion won ($866.86 million) in 2014 towards the cost of the U.S. military presence in the country, a rise of 5.8 percent from a year ago.

U.S. and South Korean officials have struck a five-year cost sharing plan for 28,500 U.S. troops in the country after a series of negotiations since early last year.

The deal, subject to South Korean parliament's approval, comes after Washington's decision to send more soldiers and tanks to South Korea next month as part of a military rebalance to Asia after more than a decade of war in Afghanistan and Iraq.

"The U.S. side had demanded a large-scale hike, considering U.S. Forces Korea's strengthened readiness due to serious security situation in the Korean peninsula and its budget situation, but the government put the utmost efforts and drew agreement to an extent to minimize our burden," South Korea's foreign ministry said in a statement.

Still technically at war with North Korea, Seoul has shouldered part of Washington's cost for stationing its troops since 1991, currently paying for about 40 percent of the cost.

($1 = 1061.3000 Korean won)

(Reporting by Ju-min Park; Editing by Michael Perry)

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Comments (3)
UScitizentoo wrote:
> towards the cost of the U.S. military presence in the country
That’s right, an army to protect your ass is expensive. This is hopefully the beginning of a new model of the USA charging for the blood and treasure it takes to protect civilization from people who feed their relatives to the dogs.

Jan 12, 2014 12:42am EST  --  Report as abuse
playspeed wrote:
Welcome americans to Korea, to chill in Seoul with Gangnam style.

Jan 12, 2014 1:11pm EST  --  Report as abuse
playspeed wrote:
Welcome americans to Korea, to chill in Seoul with Gangnam style.

Jan 12, 2014 1:11pm EST  --  Report as abuse
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