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South Korea signs new military agreement with the US

SOUTH Korea will pay a whopping 1.18 trillion won (£745 million) this year to host almost 30,000 US troops after the biggest annual cost increase in nearly two decades.

The east Asian nation confirmed today that it had agreed to a 13.9 per cent increase in its contribution.

“The agreement resolved a vacuum that had lasted about a year and three months,” its foreign ministry said in a statement. “It provided a chance to reaffirm the importance of the alliance and the need for stable stationing of US Forces Korea.”

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