South Korea will increase its military spending by 7 percent in 2018 in response to the growing nuclear and missile threat from North Korea, the Ministry of National Defense (MND) announced on Wednesday.
The defense ministry said the National Assembly had earlier in the day approved a budget of KRW43.2 trillion (USD$39.7 billion) to achieve “competent security and strong defense.”
South Korea will increase its military spending by 7 percent in 2018 in response to the growing nuclear and missile threat from North Korea, the Ministry of National Defense (MND) announced on Wednesday.
The defense ministry said the National Assembly had earlier in the day approved a budget of KRW43.2 trillion (USD$39.7 billion) to achieve “competent security and strong defense.”
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