Defense ministry set to finalize deal on THAAD site: Yonhap

By Park Sae-jin Posted : November 15, 2016, 17:44 Updated : November 15, 2016, 17:44
 

[Yonhap News Photo]

South Korea's defense ministry is set to conclude a deal to acquire a site for an advanced US missile defense system from Lotte Group, a military source said Tuesday.

The Ministry of National Defense has tentatively agreed to secure the Lotte Skyhill Country Club in the southeastern rural county of Seongju from the nation's fifth-largest conglomerate. The ministry suggested giving state-owned land near Seoul to Lotte in exchange for the golf course, a military official told Yonhap News Agency.

"Lotte is now giving final consideration to our suggestion. We expect Lotte to come up with a decision today or tomorrow," the military official said, asking not to be named.

In a text message sent Tuesday afternoon, the defense ministry said it will deliver a briefing on the consultations process on Wednesday to acquire the final site for the Terminal High Altitude Area Defense (THAAD) system and other follow-up measures.

The ministry has been in talks with Lotte since early October after selecting the Lotte golf club as the final site for THAAD a month earlier, instead of the controversial Seongsan anti-aircraft missile base in the same county 296 kilometers southeast of Seoul.

Once the agreement is reached, an appraisal of the value of the two sites will be conducted. If the results show any considerable gap between the two, additional steps will be taken, the official said.

"If the value of the Lotte golf course turns out to be higher than that of the state territory in Namyangju, Gyeonggi Province, the defense ministry is planning to provide cash or further real estate to fill the gap. If the state territory is higher than the golf course in value, the ministry plans to deliver less land to Lotte," he said.

The ministry plans to deliver the golf course to US Forces Korea following the closure of the swap deal under the Status of Forces Agreement (SOFA) signed between Seoul and Washington. The construction planning and evaluation of the THAAD battery's environmental impact will then be carried out, he added.'

(Yonhap)
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