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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 [...]

South Korean Military to Upgrade Foe, Friend Identification System

SEOUL, May 25 (Korea Bizwire) – South Korea’s defense authorities on Wednesday approved a procurement project to improve the military’s system to identify aircraft and determine whether it’s an enemy or a friendly force. In a monthly meeting on pending arms-related projects, presided over by Defense Minister Han Min-koo, the military decided to launch the Identification Friend or Foe (IFF) program next year via both the country’s own R&D [...]