South Korea to contribute $867 million for U.S. military forces in 2014

A U.S. soldier participates in a decontamination training against possible chemical, biological, radiological and nuclear threats at Steel Zenith Field Training Exercise in Yeoncheon, about 65 km (40 miles) north of Seoul, May 16, 2013. REUTERS/Lee Jae-Won

SEOUL (Reuters) - South Korea said on Sunday it had agreed to pay 920 billion won ($866.86 million, £525.8 million) in 2014 towards the cost of the U.S. military presence in the country, a rise of 5.8 percent from a year ago.

U.S. and South Korean officials have struck a five-year cost sharing plan for 28,500 U.S. troops in the country after a series of negotiations since early last year.