Buying a big stick: South Korea's military spending has North Korea worried - 92 News HD Plus

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Buying a big stick: South Korea's military spending has North Korea worried

Military buildups on both sides of the heavily fortified border between the two nations have come to the forefront with recent short-range missile launches by North Korea, perfecting an arsenal it says is necessary to defend against new South Korean weapons.

Pyongyang has sharply criticised US-South Korean military drills and South Korea’s defence procurements – including an aircraft carrier, stealth fighters and spy satellites – as undisguised preparations for a preemptive strike. In 2018 South Korea’s military expenditures reached $43.1 billion, an increase of 7 percent compared with 2017, according to the MND. It was the biggest single-year jump since a 8.7 percent increase in 2009.

About $85 billion of the future budget is earmarked for arms improvements, representing an average 10.3 percent year-on-year increase.

 

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