South Korea will develop a high-altitude missile to intercept North Korean ballistic missiles with a budget of W1 trillion (US$1=W1,017).
The country also hopes to operate five surveillance satellites by 2025 to monitor the whole of North Korea at two-hour intervals. Currently reconnaissance satellites only fly over the North every eight to 12 hours.
The Defense Acquisition Program Administration made the announcement Wednesday after a session of the Defense Project Promotion Committee chaired by Defense Minister Kim Kwan-jin.
The new missile will intercept missiles at an altitude of over 40 to 60 km, even higher than the U.S.' PAC-3, which intercepts them at 15-20 km.
Military authorities made the decision to escape pressure to join the U.S.-led missile defense system, which chiefly aims to check China's growing military presence.