ROK to spend over $84 billion on new military capabilities over five years: MND



News ROK to spend over $84 billion on new military capabilities over five years: MND Seoul says funds will help respond to "nuclear and WMD threats," but makes no mention of North Korea Dagyum Ji January 11, 2019 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON ROK MND The South Korean military will increase its budget for improving military capabilities by 10.8 percent on average for the next half-decade, the Ministry of National Defense (MND) announced in a five-year plan on Friday. The "medium-term plan" for 2019 to 2023 will see the government allocate a total of KRW 270.7 trillion (USD$242 billion) to defense. The South Korean military will increase its budget for improving military capabilities by 10.8 percent on average for the next half-decade, the Ministry of National Defense (MND) announced in a five-year plan on Friday. The "medium-term plan" for 2019 to 2023 will see the government allocate a total of KRW 270.7 trillion (USD$242 billion) to defense. 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

News

ROK to spend over $84 billion on new military capabilities over five years: MND

Seoul says funds will help respond to "nuclear and WMD threats," but makes no mention of North Korea

Dagyum Ji January 11, 2019

ROK to spend over $84 billion on new military capabilities over five years: MND

ROK MND

The South Korean military will increase its budget for improving military capabilities by 10.8 percent on average for the next half-decade, the Ministry of National Defense (MND) announced in a five-year plan on Friday.

The "medium-term plan" for 2019 to 2023 will see the government allocate a total of KRW 270.7 trillion (USD$242 billion) to defense.

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.

ROK to spend over $84 billion on new military capabilities over five years: MND

Become a member for less than $5.75 per week.

Start your day with the North Korea stories that matter most –

as selected by <img width="226" height="50" class="logo" src="https://www.nknews.org/wp-content/themes/nknews/images/header-logo.png" alt="NK News Logo">

One more step!

Trending

Recent Stories

About the Author

Dagyum Ji

Become a member for less
than $5.75 per week.

Start your day with
the North Korea stories that matter most –

as selected by