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South Korea Announced 2018 Defense Budget
- Dec 19, 2017 -

South Korean Defense Ministry announced on December 6, 2017 that the national defense budget for 2018 will be 42.5 trillion 

won (about 39.52 billion U.S. dollars). The figure is 40.4 billion won (about 37 million U.S. dollars) higher than the government's 

previously announced budget, the highest increase since 2011. Meanwhile, the National Assembly passed the national defense 

spending in 2017 on December 6, an increase of 7% over 2016, the highest increase in defense spending since 2009.

 

The South Korean Defense Ministry said most of the increased defense budget will be used to accelerate the construction of 

South Korea's "three-axis defense system," which was originally planned to be completed by 2020s but is now expected to 

advance early in 2020s. The system aims to provide South Korea with comprehensive missile defense and deterrence 

capabilities. Specific contents include: Korea Air and Missile Defense System (KAMD) aimed at stratified ballistic missile 

defense; 


South Korea's "Kill Chain System" (Kill Chain system) is designed to North Korea launched missiles in the entry South Korea to 

destroy it; Korea Massive Punishment and Retaliation plan (KMPR) aims to preemptively solve North Korea's ballistic missiles 

and artillery and other threats to South Korea. In addition, the additional budget will also be used for R & D programs for military 

equipment such as air-to-surface missiles, surface-to-air missiles, drones and light helicopters.

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