US and South Korean officials fail to reach consensus on splitting the bill of the American soldiers stationed on the peninsula during the ninth round of bargaining, a government official stated on Monday.
Senior diplomats of the two sides had three-day talks on the Special Measures Agreement (SMA) to set the amount of Seoul's financial contributions for the 28,500-strong U.S. Forces Korea (USFK) in Honolulu, Hawaii, Yonhap News Agency reported on Monday.
A foreign ministry official who wished to remain anonymous said, "There was some progress, but no final agreement was reached".
Washington is demanding that Seoul bump up its share of the expenses from the current 960 billion Won (US$850 million).
"Our goal, of course, is to minimize (a hike)," the official added.
Although South Korea admits the role and significance of the USFK in the defense of their country, the 1 trillion-won hike is proving to be big burden.
The allies plan to hold the next round of talks in the month of December to sort out the differences.
Northrop Grumman has inked a deal with South Korean Defense Acquisition Program Administration (DAPA) to provide Republic of Korea Global Hawk HUAV (High-altitude Unmanned Aerial Vehicle) fleet with Contractor Logistics Support (CLS). The contract includes providing timely site activation in South Korea, complete training packages for pilots, operators and maintainers of the system; and a team of subject matter experts to provide seamless on-site and reach-back CLS support, the company said in a statement Wednesday
South Korea plans to sign a military aircraft swap deal with Spain during their joint committee meeting on defense industry cooperation in Madrid later this week. Under the plan, Korea is expected to sell 30 KT-1 basic trainer jets and 20 T-50 advanced trainer jets, manufactured by Korea Aerospace Industries (KAI), to Spain,
South Korean Air Force will get its first Airbus A330 MRTT Aerial refueling tanker by the middle of the current month allowing it to increase the operational radius of its fighter aircraft. The aerial refueling tanker will undergo acceptance tests for one month after delivery to confirm quality requirements specified for weapons and equipment delivered to the military have been met, a military official was quoted as saying to the Yonhap news agency
Lockheed Martin has been awarded a $365,730,330 contract for new-construction DDG Aegis Weapon System Baseline K2 development and integration in support of the Republic of Korea Navy. This contract will provide for combat system installation, staging and integrated logistics support required for the installation, test and delivery of the Aegis Combat System K2 baselines for three Republic of Korea Navy DDGs, a US DoD release said
South Korean state-run Agency for Defense Development will deploy newly developed weapon system, including ship-based guided interceptors next year. ADD has already completed the development of the guided missile, named Haegung (sea bow), designed to intercept incoming enemy missiles or shoot down aircraft, Yonhap news agency reported quoting unnamed defense industry officials as saying Sunday
The Korean Marine Corps plans to adopt drones as its next key combat platform to spearhead its reconnaissance and combat operation activities. "We will introduce drones to conduct amphibious operations as part of a first step before widening their usage," a Marine Corps representative was quoted as saying by Korea Times Tuesday
South Koreass arms procurement agency, Defense Acquisition Program Administration (DAPA) launched an institution, Defense Export Promotion Center (DEPC). The DEPC will help Korea to advance into foreign markets and will provide defense firms with a comprehensive package of support, such as export-related administrative procedures and other services, DAPA said in a statement
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