The 2025 budget is funding South Korea's Three Axis system which includes “425 Project” satellites, the first of which was launched in April 2024.
Credit: SpaceX
On Sept. 2, the South Korean government will submit its defense budget proposal for 2025, requesting a 3.6% increase in spending over the previous year. While representing a further boost to military spending, the increase is below the average 5.1% growth seen over the last decade and is likely to...
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Budget Brief: South Korea's Defense Spending Growth Slows is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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