South Korea Boosts 2026 Defense Budget, Ramps Up Munitions Procurement
South Korea's Hyunmoo ballistic missile being fired during a military exercise.
Credit: Sipa US/Alamy Stock Photo
SINGAPORE—South Korea has approved a KRW65.8 trillion ($45 billion) defense budget for 2026, a 7.5% year-on-year increase. Seoul's budget will see major investments directed toward expanding the domestic defense industrial base, crewed-uncrewed teaming (also known as MUM-T) capabilities and its so...
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