Seoul will increase military spending to 2.9 percent of GDP: Moon | NK News
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November 15, 2024
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Seoul will increase military spending to 2.9 percent of GDP: Moon

Dialogue with N. Korea is meaningless "without overwhelming national defense power", says President

South Korea will increase its military spending to 2.9 percent of Gross Domestic Product (GDP) under his presidency, President Moon Jae-in said on Tuesday.

The move would see the largest increase in Seoul's defense budget as a percentage of national GDP since the 1980s.

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