Tag: cost-sharing

cost-sharing

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A citizen watches a news broadcast on the Korea-U.S. tariff negotiations at the waiting room of Seoul Station in Yongsan District, central Seoul, on July 31. [YONHAP]

Security issues conspicuously absent from Korea-U.S. tariff deal

Security matters such as alliance modernization were left out of the Korea-U.S. tariff agreement finalized Wednesday, reflecting Washington’s strategic decision to keep trade and defense separate to maximize leverage.

2025.7.31

Ministry of Foreign Affairs spokesperson Lee Jae-woong speaks during a regular press briefing at the government complex in Seoul in Jongno District, central Seoul on July 3. [YONHAP]

South Korea says it will comply with existing terms of defense cost-sharing deal with U.S.

Korea's Foreign Ministry said Wednesday it will comply with the existing terms of the defense cost-sharing deal with the United States, after U.S. President Donald Trump said Seoul should pay for its own defense.

2025.7.9

Most popular

U.S. President Donald Trump prepares to sign an executive order in the Oval Office of the White House in Washington on April 9. [AFP/YONHAP]

Trump shows intention to make defense cost-sharing 'package' deal with allies

U.S. President Donald Trump indicated Wednesday that his administration will make the defense cost-sharing issue a part of negotiations for a "package" deal with U.S. allies and others over trade and other bilateral matters.

2025.4.10

Korean Foreign Minister Cho Tae-yul, right, and U.S. Ambassador to South Korea Philip Goldberg shake hands after signing a defense cost-sharing agreement in Seoul on Monday. [MINISTRY OF FOREIGN AFFAIRS]

Korea, U.S. sign defense cost-sharing deal on eve of U.S. election

Korea and the United States formally signed a defense cost-sharing agreement Monday, as Seoul seeks to speed up its domestic ratification procedure to ensure the stable stationing of American troops here ahead of the U.S. elections.

2024.11.4

A KF-21 fighter jet, center, flies while connected to a KC-330 tanker aircraft during an aerial refueling test off the southeastern coast of Korea in March. [DEFENSE ACQUISITION PROGRAM ADMINISTRATION]

Seoul may accept Jakarta's reduced contribution to fighter jet project

Korea's state arms procurement agency signaled on Wednesday that it might accept Indonesia's request to cut its pledged contribution to the KF-21 fighter jet project in return for fewer technology transfers.

2024.5.8

Bracing for security risks ignited by Trump (KOR)

The government must first correct Trump and set the record straight.

2024.5.3

Bracing for security risks ignited by Trump

The government must first correct Trump and set the record straight.

2024.5.2

Where's your money?

Amid distress from soaring prices, Koreans are worried after former U.S. President Donald Trump called Korea “a very rich country” and said he would demand even more defense cost-sharing from the country if he is re-elected president.

2024.5.2

U.S. President Joe Biden's nominee for Secretary of Defense, retired Army Gen. Lloyd Austin, answers questions during a confirmation hearing before the Senate Armed Services Committee, in Washington on Wednesday. [EPA/YONHAP]

Cost-sharing deal needed quickly, says Austin

U.S. President Joe Biden’s nominee for secretary of defense, Lloyd Austin, said Wednesday he would bring about an early resolution to stalled military cost-sharing negotiations with South Korea.

2021.1.21