Defense Ministry Itemizes 6.9 Percent Budget Boost
July 09 2010
The South Korean Defense Ministry has released more details of its proposed defense budget that seeks to boost capabilities against attacks from North Korea, reports the Yonhap News Agency.
The draft US$26.1 billion budget for 2011 is 6.9 percent larger than this year's total.
More than a third of the planned increase is allocated to programs for the acquisition of surveillance aircraft to detect short-range missiles and submarines, according to the ministry.
Another US$691...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
- More than 7,500 weapons systems and platforms
- Nearly every country's armed forces
- Militant organizations
Try Military Periscope free for seven days
Your online source for military news, weapons, and nation's armed forces worldwide
Military Periscope FEDLINK information
Service ID: UC
Contract Number: LCFDL24D0002
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
customerservice@militaryperiscope.com
©Military Periscope 2025
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.