Defense Ministry Plans to Increase Spending by 2016

  • Arirang News

    August 29, 2011 12:20

    The Defense Ministry laid out a five-year-plan from 2012 to 2016 to the National Assembly Defense Committee on Friday.

    It includes increasing spending on national security by an average of 5.5 percent per year. Out of this, the ministry plans to gradually expand the proportion spent on defense capability from the current 30.9 percent to 33.8 percent by 2016.

    The ministry says the aim is to build up South Korea's military strength against current and potential threats from North Korea and plans to invest more in military preparedness.

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