S. Korea, US sign defense cost-sharing deal ahead of US elections
Foreign affairsNov 4, 2024
South Korea and the United States formally signed a defense cost-sharing agreement Monday, as Seoul seeks to speed up its domestic ratification procedure to ensure the stable stationing of American troops here ahead of the US elections. The signing came a month after the allies reached a new five-year deal on determining Seoul's share of its cost for the upkeep of the 28,500-strong US Forces Korea. Foreign Minister Cho Tae-yul and US Ambassador to South Korea Philip Goldberg signed the deal