S. Korea announces hike in payment for USA troops

South Korea Signs Deal To Pay More For US Troops After Trump's Demand

Malpass also appealed for South Korea's backing for his becoming the next president of the Washington-based lending institution.

Unlike past agreements, which lasted for five years, this one is scheduled to expire in a year, potentially forcing both sides back to the bargaining table within months. South Korean officials pushed for a three-year deal keeping their annual contribution around $864 million.

President Donald Trump's pick to lead the World Bank vowed yesterday to cooperate with South Korea on developing North Korea and other various sectors, the finance ministry here said.

The president had been harping about South Korea not paying its fair share since the 2016 campaign, making this new agreement a clear victory for his policy of getting other nations to pay more for US force protection.

Siegfried Hecker, a former director of the U.S. Los Alamos weapons laboratory and one of the report's authors, said satellite imagery showed North Korea's production of bomb fuel continued in 2018.

Last month, a senior South Korean ruling party legislator said negotiations were deadlocked after the USA made a "sudden, unacceptable" demand that Seoul pay more than 1.4 trillion won ($1.2bn) per year.

"That action would significantly undermine regional security and our ability to fulfill our treaty obligations to South Korea", said Reed, the top Democrat on the committee.

But both sides worked to hammer out an agreement to minimise the impact on South Koreans working on US military bases, and focus on nuclear talks ahead of a second U.S.




Trump told CBS' Face the Nation last Sunday that he had no plans to withdraw troops from South Korea.

North Korea is expected to announce its candidate city later this week - the likely choice is its capital Pyongyang - before or during the International Olympic Committee meeting, Seoul officials told AFP.

USA intelligence is not certain how many nuclear warheads North Korea has, with estimates between 20 and 60.

United States Soldiers, Airmen, Sailors, and Marines have been stationed in South Korea for over half a century, and the requirement for a robust alliance has never been greater.

Ahead of the second US-North Korea leaders' summit, Malaysia's Prime Minister Tun Dr Mahathir Mohamad says Malaysia is ready to settle its problem with North Korea which followed the high-profile assassination of Kim Jong-nam, the half-brother of North Korean leader Kim Jong-un in Malaysia.

Trump is set to have a second summit with North Korean leader Kim Jong-un on February 27-28 in the Vietnamese capital of Hanoi.

After the June meeting, Trump announced a halt to joint military exercises with South Korea, saying they were expensive and paid for mostly by the United States.

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