South Korea passes record defense budget, floats funds for new aircraft carrier



News South Korea passes record defense budget, floats funds for new aircraft carrier Highest-ever defense budget in also includes funding for nuclear defense, helicopters and artillery interception Jeongmin Kim December 3, 2021 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Republic of Korea Armed Forces \| ROK soldiers participate in a cold-weather training exercise, Jan. 21, 2016 South Korea’s National Assembly passed its largest-ever defense budget on Friday, greenlighting $46.3 billion (54.6 trillion won) for military-related spending in fiscal year 2022, including to defend against threats from North Korea. Part of the final $515 billion (608 trillion won) budget passed by the National Assembly, the defense budget for 2022 is 3.4% higher than last year’s and includes $6.1 million (7.2 billion won) for what would be South Korea’s first light aircraft carrier, Seoul’s defense ministry said in a press release. South Korea’s National Assembly passed its largest-ever defense budget on Friday, greenlighting $46.3 billion (54.6 trillion won) for military-related spending in fiscal year 2022, including to defend against threats from North Korea. Part of the final $515 billion (608 trillion won) budget passed by the National Assembly, the defense budget for 2022 is 3.4% higher than last year’s and includes $6.1 million (7.2 billion won) for what would be South Korea’s first light aircraft carrier, Seoul’s defense ministry said in a press release. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period 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 passes record defense budget, floats funds for new aircraft carrier

Highest-ever defense budget in also includes funding for nuclear defense, helicopters and artillery interception

Jeongmin Kim December 3, 2021

South Korea passes record defense budget, floats funds for new aircraft carrier

Republic of Korea Armed Forces | ROK soldiers participate in a cold-weather training exercise, Jan. 21, 2016

South Korea’s National Assembly passed its largest-ever defense budget on Friday, greenlighting $46.3 billion (54.6 trillion won) for military-related spending in fiscal year 2022, including to defend against threats from North Korea.

Part of the final $515 billion (608 trillion won) budget passed by the National Assembly, the defense budget for 2022 is 3.4% higher than last year’s and includes $6.1 million (7.2 billion won) for what would be South Korea’s first light aircraft carrier, Seoul’s defense ministry said in a press release.

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South Korea passes record defense budget, floats funds for new aircraft carrier

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