
SEOUL, April 26 (UPI) -- South Korea and the United States reached an accord Tuesday on how to share the costs of stationing U.S. troops in the country in 2005 and 2006.
The two sides have agreed to cut South Korea's share for this year by 8.9 percent from last year to 680.4 billion won (more than $681.2 million) and freeze the amount for 2006, South Korean Foreign Ministry officials said. Last year, South Korea contributed 746.9 billion won (more than $747.8 million).
"This is the first time that Seoul's share has been reduced," said Kim Sook, Seoul's chief negotiator at the five rounds of talks held since November. "We're satisfied with the outcome," he said.
South Korea has shared the cost of stationing U.S. troops in the country since 1991, when it paid $150 million.
Seoul had wanted a reduction in its share, citing ongoing cutbacks of U.S. troops in South Korea, while Washington demanded a bigger South Korean share, saying it is necessary to modernize U.S. troops.
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