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S. Korea-U.S. defense cost-sharing deal comes into effect Wednesday Updated: 2021-09-01 21:14:48 KST

The new defense cost-sharing agreement between Seoul and Washington took effect on Wednesday, a day after the National Assembly ratified the deal on sharing the cost of the American troops stationed in South Korea.
Seoul's foreign ministry said on Wednesday that the two countries notified each other that all domestic procedures necessary for the agreement to come into effect have been completed.
Under the new Special Measures Agreement, Seoul will pay just over one-billion U.S. dollars this year, up around 14 percent from last year.
The deal was reached in March after one-and-a-half years of negotiations amid the then-Trump administration's calls for a sharp increase in South Korea's contributions.
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