To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

Open menu Search

South Korea looks boldly ahead in mid-term plan

14th August 2020 - 02:00 GMT | by Gordon Arthur in Christchurch


On 10 August, South Korea’s Ministry of National Defense (MND) released a KRW300 trillion ($253 billion) blueprint for defence spending over the coming five years, including big-ticket items such as a light aircraft carrier.

The Mid-Term Defence Plan demands an average annual increase in defence expenditure of 6.1% from 2021-25. This means the nation’s annual defence budget will rise from $41 billion to $56 billion by 2025.

The plan lists spending of approximately $82 billion on developing and acquiring new weapons and equipment, accounting for a third of all the spending. The remainder of the budget goes on force sustainment.

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 2 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Gordon Arthur


Gordon Arthur

Gordon Arthur was the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

Read full bio

Share to