DN - Defence Notes

Amidst threats, Seoul eyes defence budget hike

9th June 2017 - 09:51 GMT | by Gordon Arthur in Hong Kong


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South Korea’s Ministry of National Defense (MND) has requested a record defence budget of KRW43.7 trillion ($38.7 billion) for next year. Although yet to be approved, this figure represents an 8.4% increase compared to the 2017 budget.

There is an 11.6% rise (rising to $12 ...

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