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    South Korea to Increase Missile Defense Spending by $143Mln in 2017

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    The Relationship Between the Two Koreas (166)
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    South Korea will increase spending on missile defense systems by $143 million in 2017 amid North Korean threat.

    TOKYO (Sputnik) — According to the Yonhap news agency, the Defense Ministry will receive $1.5 billion from the state budget in 2017 for improving missile defense systems.

    Two Terminal High Altitude Area Defense (THAAD) interceptors are launched during a successful intercept test. file photo
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    The spending will cover Taurus ground-to-air wide range missiles, an early-warning radar, modernization of ground-to-ground missiles, modernization of KF-16 fighter jets, an update of Patriot Missile Defense System and the development of spy satellites and drones.

    The overall military spending will rise by 4 percent for the first time, after the government has been gradually cutting military budget since 2011, reaching $34.7 billion.

    The parliament adopted the state budget on December 3, 2016.

    Tensions between two Koreas are rising after the North conducted two nuclear tests and launched over 20 missiles in 2016.

    Topic:
    The Relationship Between the Two Koreas (166)

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    Tags:
    missile defense, KF-16, Taurus cruise missile, South Korea’s Defense Ministry, Democratic Republic of North Korea (DPRK), South Korea
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