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From Reuters:
U.S. President-elect Donald Trump pledged his commitment to defend South Korea under an existing security alliance during a phone call with South Korean President Park Geun-hye on Thursday, Yonhap news agency said, citing diplomatic sources.
Trump had said during the election campaign he would be willing to withdraw U.S. military stationed in South Korea unless Seoul paid a greater share of the cost of the deployment. There are about 28,500 U.S. troops based in South Korea in combined defense against North Korea.
So far, so good.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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