Skip to main content
14 Dec 2023

South Korea set to increase defence spending to $262.8 billion over 5 years

South Korea set to increase defence spending to $262.8 billion over 5 years
Kim Hong/ Reuters

The South Korean Defence Ministry has released its defence plan for the period 2024-2028. The plan includes an increased budget to help boost capabilities in the face of increased threats from North Korea, which recently launched a new space reconnaissance satellite. 

New funds will help make the South Korean military more combat-ready and implement some key modernisation programmes.

 

Read more here.

View all News
Loading