South Korea Proposes 3.6% Defense Budget Hike

F-35

Credit: MC Images / Alamy Stock Photo
The South Korean defense ministry is proposing a 3.6% year-on-year spending hike, with a strong emphasis on increasing its so-called “kill-chain” capabilities, missile defense, and research and development. The proposal for KRW61.6 trillion ($46.2 billion) will be submitted to the national assembly...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for Aviation Week's Air Transport World magazine and the Asia-Pacific Defense Correspondent for Aviation Week.

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