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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 23, 2025

    Featured image for article about Headlines

    SEOUL (Reuters) -South Korea's defence ministry said on Friday that Seoul and Washington had not had discussions about the withdrawal of some U.S. troops stationed in the country.

    The ministry made the comment in response to a report by the Wall Street Journal that said the U.S. was considering pulling out roughly 4,500 troops from South Korea.

    One option being considered was to relocate some of the troops to other locations in the Indo-Pacific region including Guam, according to the report, which cited unnamed U.S. military officials.

    There are currently 28,500 U.S. troops stationed in South Korea.

    South Korea would continue cooperation with the United States to maintain a strong combined defence posture in order to deter North Korea, Seoul's defence ministry said in a statement.

    Seoul and Washington agreed on a five-year plan on defence cost sharing last year but U.S. President Donald Trump has signaled that the cost of the U.S. military presence could be up for discussion in ongoing trade negotiations with Seoul.

    South Korean officials have so far maintained the position that defence costs are a separate matter from the trade talks.

    The Asian country will hold a snap presidential election on June 3 to elect a new leader following months of political turmoil that have left a power vacuum as South Korea seeks to negotiate to remove U.S. tariffs on its export-reliant economy.

    (Reporting by Hyunsu Yim; Editing by Muralikumar Anantharaman, Ed Davies)

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