South Koreas Ministry of Defense announced its expenditure plan for 2019-2023

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 South Koreas Ministry of Defense announced its expenditure plan for 2019-2023


Xinhua News Agency, Seoul, Jan. 11 (Reporter Geng Xue Peng Tien Ming) South Koreas National Defense 11 released the Medium-term National Defense Plan for 2019-2023 on Jan. 11. It intends to spend more than 240 billion dollars in the field of national defense in the next five years to strengthen the independent national defense force, and its annual average growth rate of national defense expenditure greatly exceeds the existing level.

South Koreas Ministry of Defense also plans to strengthen the nuclear weapons and weapons of mass destruction response system, including through the addition of military satellites, high-altitude unmanned reconnaissance aircraft and long-range air-to-ground missiles to safeguard the strategic target strike capability, promote the construction of Korean missile defense system composed of ballistic missile early warning radar, surface-to-air long-range interception missiles, and with the help of advanced missiles. And other equipment to build overwhelming countervailing capacity.

Source: responsible editor of Xinhua: Yao Wenguang_NN1682