The South Korean military will increase its budget for improving military capabilities by 10.8 percent on average for the next half-decade, the Ministry of National Defense (MND) announced in a five-year plan on Friday.
The "medium-term plan" for 2019 to 2023 will see the government allocate a total of KRW 270.7 trillion (USD$242 billion) to defense.
The South Korean military will increase its budget for improving military capabilities by 10.8 percent on average for the next half-decade, the Ministry of National Defense (MND) announced in a five-year plan on Friday.
The "medium-term plan" for 2019 to 2023 will see the government allocate a total of KRW 270.7 trillion (USD$242 billion) to defense.
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