South Korea and US hold second round of talks to renew agreement on the burden sharing
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  • On July 24, delegates from the US and South Korea opened the two-day long bilateral dialogue to renew the Special Measures Agreement on burden sharing between the two alliance partners. This is the second round of high level talks on the agreement. While citing factors like the growing threat from North Korea, South Korea’s economic prosperity and US budget cuts, Washington has, in recent years, has called on the South to increase its financial support in maintaining 28,500 US troops on the South Korean soil. Under the agreement, last revised in 2008, South Korea currently shares 869.5 billion won ($778.1 million) or about 42% of the total cost. However, Washington insists that Seoul should increase the amount to at least 1 trillion or 50% of the total cost next year. 1