North and South Korea Want to Host the 2032 Olympics Together

North and South Korea Want to Host the 2032 Olympics Together

The new agreement still requires approval from South Korea's parliament, the AP noted.

Unlike past agreements, which lasted for five years, this one is scheduled to expire in a year, potentially forcing both sides back to the bargaining table within months.

"We have a number of domestic steps that we need to go through", Foreign Minister Kang Kyung-wha said as she met with the top USA negotiator Timothy Betts. On Sunday, Seoul's Foreign Ministry said the countries signed a new deal.

"The United States government realizes that South Korea does a lot for our alliance and for peace and stability in this region", he said.

The Reuters report also notes that 70 percent of funds contributed by Seoul go toward salaries for approximately 8,700 South Korean workers who provide support services for the United States military.

Late previous year, the US military had warned Korean workers on its bases they might be put on leave from mid-April if no deal was agreed.

Seoul and Washington have held 10 rounds of talks since March, amid Trump's calls for South Korea to pay more. This would allow Washington to call for additional increases in the amount South Korea would pay for the following year. "It's obviously very unpopular" in South Korea, says professor Tim Beal of Victoria University of Wellington, New Zealand.

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The nationwide survey of 501 South Koreans found about 62.5 percent of respondents optimistic about the prospects for settling "the North Korean nuclear problem", while 35.2 percent said the summit would weaken the U.S.

"South Korea has to think about the cost involved in keeping the deterrence at the level they would like, while the threat is clearly present", James Kim, worldwide relations expert at the Asian Institute for Policy Studies in Seoul, told Sputnik Monday.

Vietnamese Foreign Minister Pham Binh Minh, center, poses for a photo upon arrival at Pyongyang International Airport in Pyongyang, North Korea, Tuesday, Feb. 12, 2019.

They said Trump might use the failed military cost-sharing negotiations as an excuse to pull back some of USA troops in South Korea, as a bargaining chip in talks with North Korean leader Kim Jong Un.

Kim Jong-un and Trump first met last June in Singapore, where they signed a vaguely worded document in which Kim pledged to work toward the "denuclearization of the Korean peninsula".

North Korean media taking a demanding stance on negotiations with the United States and emphasizing military resolve to uphold socialism indicate that Kim may be preparing to take a hard line on negotiations with Trump this month. After the meeting, Trump suspended major joint military exercises with South Korea.

The official Special Measures Agreement (SMA) will be officially signed by Foreign Minister Kang Kyung-wha and U.S. Ambassador to South Korea Harry Harris after Cabinet members and President Moon Jae-in approve the preliminary document.

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