S. Korea Seeks 4.5 pct Hike in Defense Budget for Next Year
SEOUL, Aug. 31 (Korea Bizwire) — The defense ministry asked for a 4.5 percent increase in its budget for next year with a focus on strengthening the military’s defense capabilities and improving service members’ living conditions, officials said Tuesday. The ministry said it has requested a defense budget of 55.23 trillion won (US$42.4 billion) for [...]