Seoul seeks to raise defense budget to record $46B to deter North Korean threats | NK News
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November 04, 2024
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Seoul seeks to raise defense budget to record $46B to deter North Korean threats

Proposed 3.6% increase would fund F-35A stealth fighters and Patriot missile upgrades for ‘three-axis’ defense system

South Korea seeks to raise its defense budget above 60 trillion won ($45 billion won) for the first time in 2025, according to a new proposal, allocating increased funds to procure weapons like F-35A stealth fighters and Patriot missile upgrades to deter North Korea.

The proposed defense budget of 61.6 trillion won ($46 billion) marks a 3.5% increase over 2024, seeking to keep up with increased military spending both in the region and around the world.

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