Seoul seeks to raise defense budget to record $46B to deter North Korean threats



News Seoul seeks to raise defense budget to record $46B to deter North Korean threats Proposed 3.6% increase would fund F-35A stealth fighters and Patriot missile upgrades for ‘three-axis’ defense system Jeongmin Kim August 27, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The ROK's second military reconnaissance satellite awaiting launch at the John F. Kennedy Space Center in Florida \| Image: ROK Defense Ministry (April 8, 2024) South Korea seeks to raise its defense budget above 60 trillion won ($45 billion won) for the first time in 2025, according to a new proposal, allocating increased funds to procure weapons like F-35A stealth fighters and Patriot missile upgrades to deter North Korea. The proposed defense budget of 61.6 trillion won ($46 billion) marks a 3.5% increase over 2024, seeking to keep up with increased military spending both in the region and around the world. South Korea seeks to raise its defense budget above 60 trillion won ($45 billion won) for the first time in 2025, according to a new proposal, allocating increased funds to procure weapons like F-35A stealth fighters and Patriot missile upgrades to deter North Korea. The proposed defense budget of 61.6 trillion won ($46 billion) marks a 3.5% increase over 2024, seeking to keep up with increased military spending both in the region and around the world. 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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Seoul seeks to raise defense budget to record $46B to deter North Korean threats

Proposed 3.6% increase would fund F-35A stealth fighters and Patriot missile upgrades for ‘three-axis’ defense system

Jeongmin Kim August 27, 2024

Seoul seeks to raise defense budget to record $46B to deter North Korean threats

The ROK's second military reconnaissance satellite awaiting launch at the John F. Kennedy Space Center in Florida | Image: ROK Defense Ministry (April 8, 2024)

South Korea seeks to raise its defense budget above 60 trillion won ($45 billion won) for the first time in 2025, according to a new proposal, allocating increased funds to procure weapons like F-35A stealth fighters and Patriot missile upgrades to deter North Korea.

The proposed defense budget of 61.6 trillion won ($46 billion) marks a 3.5% increase over 2024, seeking to keep up with increased military spending both in the region and around the world.

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Seoul seeks to raise defense budget to record $46B to deter North Korean threats

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