After President Trump urged South Korea to contribute more financially to sustain the US troops in the country, the nation has agreed to spend an additional $60 million dollars to maintain the soldiers’ presence in the region.
Trump’s recently-penned deal with the South Korean government increases its bill by nearly 7%, bringing the annual total to almost $900 million.
A spokesperson for the South Korean foreign ministry called the agreement “very successful.”
President Trump has aggressively campaigned on securing more “fair” deals for the US abroad, and has similarly prompted other allies to increase their own military spending contributions.
From The Epoch Times:
South Korea will pay $60 million more for the upkeep of U.S. troops on its territory—this after President Donald Trump demanded that Seoul boost its contribution. The two nations inked a short-term deal on Feb. 10 increasing South Korea’s annual bill by 6.75 percent to $890 million.
On the campaign trail, Trump promised American voters he would fight to secure fair deals for the United States on the world stage. America’s NATO allies have boosted military spending by $100 billion after similar demands from Trump.
The South Korean Parliament has to approve the agreement before it becomes final. Unlike prior deals, which have lasted five years, the one signed on Feb. 10 expires in one year. Bargaining for 2020 funding is likely to restart in months.
“It has been a very long process, but ultimately a very successful process,” South Korean Foreign Minister Kang Kyung-wha said at a meeting before another official from the foreign ministry signed the agreement.
The U.S. State Department’s senior adviser for security negotiations and agreements, Timothy Betts, met Kang before signing the agreement on behalf of the United States and told her the money represented a small but important part of South Korea’s support for the alliance.