US, SKorea fail to reach deal on defense cost-sharing

  • 12/15/2022
  • 20:18
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SEOUL, Nov 30, SPA -- The United States and SouthKorea failed to reach agreement on sharing costs for theU.S. military's deployment on the peninsula, South Korea's Foreign Ministry said Thursday. The allies have been in talks for several months toreplace an arrangement established a year ago in whichSeoul shares 38 percent of the cost for the U.S. troops,amounting to about US$680 million (¤516 million). The Associated Press quoted the ministry as saying that Seoul will «hold consultations with the U.S. through diplomatic channels to wrap up an agreement as soon as possible,» but didn't provide further details.--SPA www.spa.gov.sa/407490

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