Official announcements from the U.S. Department of Defense

South Korea, U.S. Tentatively Agree to 8.3% Troop Cost-Sharing Hike to 1.52 Trillion Won Under Five-Year Pact

Oct 4, 2024, 09:04 AM

South Korea and the United States have reached a tentative agreement on a new defense cost-sharing plan, according to Yonhap News. Under the proposed agreement, South Korea will increase its contribution for hosting U.S. troops by 8.3% from 2025, with the cost-sharing amount for 2026 set at 1.52 trillion won. The U.S. Department of State announced that both nations have reached consensus on the proposed text of a new five-year Special Measures Agreement.