Washington called for Seoul to contribute $1.3 billion annually to a military cost-sharing deal keeping U.S. forces on the peninsula, an increase of nearly 50 percent, a senior U.S. official told Yonhap.
For CFR’s Asia Unbound blog, Hwang Joonkook discusses what ongoing
cost-sharing negotiations could mean for the U.S.-South Korea alliance.
Hong Kong: Charles Li, the head of Hong Kong’s stock exchange, said he plans to
step down (WSJ). Li helped build Hong Kong’s profile as a conduit for foreign investment in China and led a failed bid to buy the London Stock Exchange last year.