SEOUL—The U.S. and South Korea signed a one-year deal outlining the shared prices of their navy alliance on Sunday, eradicating a possible distraction forward of the second summit between President Trump and North Korean chief Kim Jong Un scheduled for late this month.

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Seoul pays roughly $920 million this 12 months for the 28,500 U.S. navy personnel stationed within the nation, based on officers from each international locations. That represents a rise of about 8% from what Seoul paid in 2018. South Korea foots about half of the…

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