On the 1st, the U.S. Forces Korea unit moved in front of the viewing stage at Gwanghwamun Square in Seoul during the military parade held for the 76th anniversary of the founding of the armed forces. [Image source=Yonhap News]
On the 4th (local time), the U.S. government described the agreement reached on the cost-sharing negotiations for the U.S. Forces Korea (USFK) defense expenses after 2026 as "a significant accomplishment" for both sides.
The U.S. Department of State stated in a press release that "this agreement will be a significant accomplishment for both parties and will strengthen our alliance and our collective defense."
It also emphasized that "since 1953, the alliance between the United States and Korea has been a cornerstone of peace, security, and prosperity in Northeast Asia, the broader Indo-Pacific region, and beyond."
According to the Ministry of Foreign Affairs, South Korea and the U.S. reached a sudden agreement on the draft of the 12th Special Measures Agreement (SMA) on defense cost-sharing, which will apply for five years starting in 2026.
The contribution for the first year, 2026, was set at 1.5192 trillion won, an 8.3% increase compared to 2025. Subsequent annual increases will be linked to the Consumer Price Index (CPI).
The agreement was reached about a month before the U.S. presidential election, alleviating concerns about the risk of former President Donald Trump, who had imposed heavy burdens on allied countries.
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