SEOUL, South Korea -- South Korea will spend $3 billion to buy land and move a sprawling U.S. military base from the capital, officials said Saturday.
The United States and South Korea agreed in June to relocate the 8th U.S. Army's 800-acre Yongsan Garrison, which now occupies prime real estate in central Seoul.
For the relocation, South Korea will start buying land early next year near Pyeongtaek and Osan, two towns 37 miles south of Seoul, the government said after a Cabinet meeting Saturday. The U.S. military already has an air base at Osan.
About the Yongsan area, Prime Minister Goh Kun said: "I hope the government will build a park that can be compared to New York's Central Park."
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