U.S. and South Korea Agree on New Defense Cost Plan

The United States and South Korea have agreed on a new five-year plan for sharing costs related to U.S. troops in South Korea. The 2026 defense cost will rise by 8.3% to 1.52 trillion won, or $1.13 billion, according to South Korea's foreign ministry.

The United States and South Korea have reached a new five-year agreement on sharing the financial burden of maintaining American military forces on the Korean peninsula. This decision comes after talks between the two nations' representatives.

According to a statement from South Korea's foreign ministry, the agreement will see the defense cost increase by 8.3% by the year 2026, climbing to 1.52 trillion won, equivalent to around $1.13 billion. This adjustment reflects the ongoing efforts to ensure a balanced contribution to regional security needs.

The announcement underscores the commitment of both countries to strengthen their defense collaboration, highlighting the importance both place on stabilizing the region amid evolving geopolitical dynamics.

(With inputs from agencies.)