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S. Korea Considers Private Funding for New Military Capabilities

S. Korea Considers Private Funding for New Military Capabilities

SEOUL, Jul. 18 (Korea Bizwire) — South Korea’s military is mulling over partly financing major firepower projects with private funds, an official said Tuesday. South Korea is pushing for the establishment of a “three-axis” platform to help defend itself against North Korea’s growing nuclear and missile threats. The three elements are the Kill Chain pre-emptive [...]

Defense Ministry to Install Special Reform Panel

Defense Ministry to Install Special Reform Panel

SEOUL, May 26 (Korea Bizwire) – The defense ministry will install a special reform panel to deliver on President Moon Jae-in’s campaign pledges to bolster military capabilities, shorten military service for draftees and enhance their welfare, Moon’s policy advisory panel said Thursday. The ministry will also finalize its defense reform plan over the next year, the State Affairs Planning Advisory Committee said, citing its policy briefing. “The [...]