South Korea and the United States will be signing a preliminary deal today on sharing defense costs for this year.
The signing ceremony will be held at two thirty this afternoon at the foreign ministry in Seoul, with both countries' negotiators, Chang Won-sam and Timothy Betts.
The deal was reached after ten rounds of talks held throughout last year.
According to South Korean diplomatic sources, the deal only covers this year,.. with South Korea paying around 9-hundred-23 million U.S. dollars.
Originally,.. the Trump administration reportedly demanded an annual sum of around one billion.
Seoul's contribution is for the stationing of some 28-thousand American troops on the Korean Peninsula, as well as the salaries of South Koreans working at U.S. military bases in the country and costs related to facility construction and logistics.