February 23, 2020

ROK defense budget rises, reaching KRW40 trillion for first time
ROK countermeasures to DPRK nuclear, missile threats see largest increases in funding
South Korea's defense budget for 2017 will rise to around KRW40.3 trillion (estimated USD34.3 billion), the first time it has gone over KRW40 trillion since the nation’s foundation, the Ministry of National Defense (MND) announced on Monday. The increase is equivalent to roughly ten percent of South Korea’s entire annual budget for 2017. “It is a norm for the defense improvement