South Korean 2019 Defense Budget Up 8.2% [CORRECTED]

Kim Minseok Bradley Perrett December 12, 2018
Credit: F-16: USAF
SEOUL, BEIJING—South Korea’s parliament has approved an 8.2% rise in the 2019 defense budget to 46.671 trillion won ($41.35 billion), despite improved relations with North Korea. The allocation for equipment, including research and development, is 15.737 trillion won, almost a third of all spending...
Kim Minseok

Kim Minseok covers South Korean defense. He has worked as a journalist for South Korean military magazines Military Review and Defense Times. Mr Kim is also a research fellow at the Korea Defense and Security Forum, a think tank.

Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.

 

 

Related Content

Congress Green Lights HC-130H Firefighting Move
Stratolaunch Flies Flight-Ready Talon
Collaborative Combat Aircraft Contracts Underway As Congress Dithers