defense capabilities Archives

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 Korea to Launch Spy Satellite Project to Beef up Defense Capabilities

SEOUL, Jan. 19 (Korea Bizwire) – South Korea plans to develop military reconnaissance satellites and deploy five units by 2022 as part of efforts to beef up defense capabilities to better deter North Korea’s evolving security threats, military officers said Monday. The plan is part of the defense ministry’s policy goals for this year, which [...]