The Korea Herald

Articles by Ji Da-gyum;Lee Jaeeun;Park Jun-hee

Ji Da-gyum;Lee Jaeeun;Park Jun-hee

A look into next year's budget for welfare, defense
Defense South Korea's Defense Ministry has proposed to raise expenditures by around 17 percent to advance the development of an indigenous three-axis defense system, aimed at countering North Korean missile and nuclear threats and retaliating in the event of an attack. Total defense spending is estimated at approximately 59.6 trillion won ($45.1 billion), a 4.5 percent increase from last year, according to the ministry. An estimated 41.8 trillion won is earmarked for expenditures related to

Social Affairs Aug. 29, 2023

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