The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
Sat, February 27, 2021 | 07:00
Defense
US Base Relocation Cost Likely to Increase
Posted : 2008-06-08 17:42
Updated : 2008-06-08 17:42
Mail
Print Preview
Font Size Up
Font Size Down
By Jung Sung-ki
Staff Reporter

South Korea's financial burden sharing for a multi-billion dollar project to relocate U.S. military facilities is expected to reach some 9 trillion won ($8.8 billion), a figure far higher than the originally estimated 5.6 trillion won, a report said Sunday.

Citing a Defense Ministry audit, Yonhap News Agency attributed the increase to state subsidies set aside to compensate residents in the Pyeongtaek area ― where a consolidated U.S. military facility is to be built ― expenditures for environmental cleanups at returned U.S. base sites and additional construction costs. The increase also reflects soaring prices for oil and construction materials, according to the document.

A Defense Ministry official, however, dismissed the report, saying a detailed share for the base relocation program has not been drawn up yet.

Last year, Seoul and Washington agreed on a master plan for the estimated $11-billion project under which South Korea was to pay about 5.6 trillion won.

Under a 2004 land-swap pact, the United States is required to return 170 square kilometers of land ― housing 42 military bases and firing ranges ― across the country by 2011. In return, Seoul is required to offer 12 square kilometers of land to help triple the size of Camp Humphreys to some 15 square kilometers housing 500 buildings.

The expanded Camp Humphreys, located 70 kilometers south of Seoul, will accommodate more than 44,000 U.S. servicemen, their families, base workers and South Korean reinforcements, according to the master plan.

About 27,000 U.S. troops are stationed in South Korea, a legacy of the 1950-53 Korean War. The two Koreas are still technically in a state of war since the 1950-53 Korean War ended with an armistice, not a peace treaty.

gallantjung@koreatimes.co.kr









 
 
  • 12-year-old boy accused of terrorist threat at Incheon airport
  • Korea begins mass vaccination
  • Non-Korean victims, scholars, civic groups join protest against Ramseyer's paper on sex slavery
  • Gov't to provide 'COVID-19 vaccine certificate'
  • Attorney insists sexual assault allegations against Ki Sung-yueng are true
  • Artist, feminists at loggerheads over sex doll artwork at MMCA
  • Dwindling population's impact on the Korean stock market?
  • First day of Korea's mass vaccination drive [PHOTOS]
  • Korea to extend current social distancing measures for 2 weeks
  • US court orders North Korea to pay $2.3 billion over 1968 USS Pueblo seizure
  • Premiere of 'Dear. M' postponed after Park hye-su accused of bullying Premiere of 'Dear. M' postponed after Park hye-su accused of bullying
  • Ex-T-ara singer Soyeon's stalker under probe for trespassing on her home Ex-T-ara singer Soyeon's stalker under probe for trespassing on her home
  • Netflix to invest $500 million in Korea in 2021 Netflix to invest $500 million in Korea in 2021
  • Netflix shows confidence in streaming war, unveils must-watch original series Netflix shows confidence in streaming war, unveils must-watch original series
  • Lady Gaga's dog walker shot; the star offers $500,000 reward to find her stolen French bulldogs Lady Gaga's dog walker shot; the star offers $500,000 reward to find her stolen French bulldogs
DARKROOM
  • Earth is suffering

    Earth is suffering

  • NASA's Perseverance rover is landing on Mars

    NASA's Perseverance rover is landing on Mars

  • Fun in the snow, sledding for everyone

    Fun in the snow, sledding for everyone

  • Our children deserve better: Part 3

    Our children deserve better: Part 3

  • Mass COVID-19 vaccination campaign starts: Part 2

    Mass COVID-19 vaccination campaign starts: Part 2

  • About Korea Times
  • CEO Message
  • Times History
  • Content Sales
  • Media Kit
  • Contact Us
  • Location
  • Privacy Statement
  • Terms of Service
  • Mobile Service
  • RSS Service
  • 고충처리인
  • hankookilbo
  • Dongwha Group
  • Code of Ethics
Copyright