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South Korea military spending spikes, has North Korea worried
Al Jazeera Sep 11
South's defence spending rises by highest in 10 years and North looks to expand own arsenal as diplomatic moves stall.
...South Korean President Moon Jae-in's administration has committed billions of additional dollars to the country's defence budget, which is already among the largest in the world.
In 2018, South Korea's military expenditures reached $43.1bn, an increase of seven percent compared with 2017, according to the MND. It was the biggest single-year jump since an increase of 8.7 percent in 2009.
In July the MND announced South Korea would build a light aircraft carrier, the country's first. And in August it unveiled a plan to spend about $239bn more between 2020 and 2024.
About $85bn of the future budget is earmarked for arms improvements, representing an average 10.3 percent year-on-year increase.
"Given the recent uncertain security environment, the government is investing heavily in strengthening its defence capabilities," the MND said when the plan was announced...
In 2018, South Korea's military expenditures reached $43.1bn, an increase of seven percent compared with 2017, according to the MND. It was the biggest single-year jump since an increase of 8.7 percent in 2009.
In July the MND announced South Korea would build a light aircraft carrier, the country's first. And in August it unveiled a plan to spend about $239bn more between 2020 and 2024.
About $85bn of the future budget is earmarked for arms improvements, representing an average 10.3 percent year-on-year increase.
"Given the recent uncertain security environment, the government is investing heavily in strengthening its defence capabilities," the MND said when the plan was announced...
https://www.aljazeera.com/news/2019/09/south-korea-military-spending-spikes-north-korea-worried-190911011352754.html
Brief summary of South Korean military spending and plans primarily in relation to North Korea. Worth reading the whole thing.
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