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S.Korea ups US troops budget

January 12, 2014

South Korea has agreed a deal to keep US troops in the country after a series of security scares on the peninsula. Seoul signed off on a significant increase in spending, as Pyongyang continues to issue threats.

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Marines of the U.S. Marine Corps, based in Japan's Okinawa, take part in a practice for a U.S.-South Korea joint landing operation drill in Pohang, about 370 km (230 miles) southeast of Seoul, April 25, 2013. The landing operation drill, which will be held on Friday is a part of the two countries' annual military training called Foal Eagle which began on March 1 and runs untill April 30. Tension has been fuelled by North Korean anger over the imposition of U.N. sanctions after its last nuclear arms test in February, creating one of the worst periods of stress on the peninsula since the end of the Korean War in 1953. REUTERS/Lee Jae-Won
Image: Reuters

South Korea said on Sunday it would pay 920 billion won ($866 billion, 634 million euros) in 2014 toward the growing cost of the US' military presence in the country.

Officials struck a deal to share the costs over the next five years as Washington prepares to send more troops and tanks to the country as part of an effort to shift its military emphasis toward Asia and away from Europe.

"The US side had demanded a large-scale hike, considering US Forces Korea's strengthened readiness due to (the) 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.

With South Korea still technically at war with North Korea, Seoul has contributed toward part of Washington's costs in stationing troops on the de-facto border, to the tune of about 40 percent, since 1991.

The latest agreement remains subject to the approval of the South Korean parliament.

The agreement follows a series of military threats and perceived provocations on the part of North Korea. The execution of Kim's once-powerful uncle Jang Song Thaek has been viewed by some analysts as a possible sign of instability.

There are currently some 28,000 US troops stationed in South Korea, the legacy of the 1950 to 1953 Korean War.

rc/tj (AFP, Reuters)