South Korea’s defense ministry pushes for record-high $44.7 billion budget



News South Korea’s defense ministry pushes for record-high $44.7 billion budget Military strength & surveillance core to 2021 defense budget; unification ministry makes cuts to defector resettlement Jeongmin Kim September 1, 2020 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON 2014.8.26 GOP 통신병 Republic of Korea Army 6th Infantry Division - Republic of Korea Armed Forces - Creative Commons South Korea’s Ministry of National Defense (MND) will ask the country’s National Assembly to approve a 5.5% increase to its 2021 military budget, according to a government press release published on Tuesday. The defense ministry asked for a budget of around 52.92 trillion won ($44.73 billion) for 2021. If approved, it would mark two consecutive years that defense spending surpassed the 50 trillion won mark. South Korea’s Ministry of National Defense (MND) will ask the country’s National Assembly to approve a 5.5% increase to its 2021 military budget, according to a government press release published on Tuesday. The defense ministry asked for a budget of around 52.92 trillion won ($44.73 billion) for 2021. If approved, it would mark two consecutive years that defense spending surpassed the 50 trillion won mark. Become a member for less than $5.75 per week. Unlimited access to all of NK News: reporting, investigations, analysis The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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South Korea’s defense ministry pushes for record-high $44.7 billion budget

Military strength & surveillance core to 2021 defense budget; unification ministry makes cuts to defector resettlement

Jeongmin Kim September 1, 2020

South Korea’s defense ministry pushes for record-high $44.7 billion budget

2014.8.26 GOP 통신병 Republic of Korea Army 6th Infantry Division - Republic of Korea Armed Forces - Creative Commons

South Korea’s Ministry of National Defense (MND) will ask the country’s National Assembly to approve a 5.5% increase to its 2021 military budget, according to a government press release published on Tuesday.

The defense ministry asked for a budget of around 52.92 trillion won ($44.73 billion) for 2021. If approved, it would mark two consecutive years that defense spending surpassed the 50 trillion won mark.

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