Political Risk

South Korea allocates record defence budget for 2017

“The South Korean government has allocated KRW40.33 trillion (USD36.49 billion) to the country’s 2017 defence budget, the Ministry of National Defense (MND) in Seoul announced on 5 September. A record budget, it is the first time that the country’s defence spending has exceeded KRW40 trillion, the MND said.”

Source: South Korea allocates record defence budget for 2017 | IHS Jane’s 360

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