South Korea increases defence budget and pumps out patrol boats
Domestic shipbuilders continue to produce multiple new vessels for the Republic of Korean Navy (ROKN), even as the Ministry of National Defense (MND) announced a 7.5% defence budget increase for 2020.
After approval from the National Assembly in December, military spending in 2020 will rise to KRW50.15 trillion ($42 billion). This equates to about 2.5% of national GDP. Force modernisation funding within the overall defence budget will benefit from an 8.5% (KRW 16.7 trillion) rise.
In shipbuilding news, the Defense Acquisition Program Administration (DAPA) announced that four Patrol Killer Experimental-B (PKX-B) fast attack craft were launched by Hanjin Heavy Industries
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 store ies per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
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
More from Naval Warfare
-
Turkey’s first commercial-built special operations submarine passes pressure hull test
It is hoped the building of the STM500 might stimulate international sales.
-
Germany and UK build stronger naval ties in North Atlantic
The Trinity House agreement included joint training and a focus on anti-submarine warfare.
-
RFA Support Ships pass design review stage
The UK’s Royal Fleet Auxiliary Solid Support Ships have found the design review plain sailing and will now move forward to construction stages.
-
R&S to supply German Sachsen ships with Kora EW and communications systems
The Sachsen-class (F124) frigates were designed for enhanced air defence with stealth features with the first entering service in 2003. The class is now undergoing a substantial upgrade.
-
Norway and Germany sign agreement on NATO undersea infrastructure
A new chain of Critical Undersea Infrastructure hubs among NATO Allies has been proposed to ensure pipes and cables are safe from damage.