S.Korea, US hold talks over cost-sharing for USFK

Seoul, Feb 5 : Negotiators from South Korea and the US held virtual talks on Friday over sharing the upkeep cost for the US Forces Korea (USFK), the Foreign Ministry in Seoul said.
The eighth round of negotiations for the 11th Special Measures Agreement (SMA), a South Korea-US pact to share the cost for about 28,500 American troops stationed in the Asian country, was held virtually amid the Covid-19 pandemic, reports Xinhua news agency.
It is the first such meeting held since the January inauguration of the administration of new US President Joe Biden. Jeong Eun-bo was Seoul’s chief negotiator, and his American counterpart was Donna Welton.
The Foreign Ministry said in a statement that the two sides held earnest discussions to address differences, and agreed to conclude the cost-sharing negotiations as early as possible and start the next round of talks in the near future.
The 10th SMA reached in March 2019 expired at the end of that year.
Under the 10th SMA, South Korea paid 1.04 trillion won ($925 million) in 2019 for the stationing of American forces, up 8.2 per cent from the previous year.