l“The era of the Korean peninsula without war has begun,” South Korean President Moon Jae-in said after a meeting with his counterpart in North Korea, Kim Jong Un, in September 2018. That happy notion does not seem to be affecting Seoul’s defense budget, which for 2019 will rise 8.2%. The allocation for equipment, including research and development, is 15.74 trillion won ($14 billion), almost one-third of all spending, says the defense ministry. The rise of 13.7% under ...

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