New Market Research Report: South Korea Defence & Security Report Q1 2014
The spectre of a nuclear North Korea and continuing provocations from Pyongyang have prompted Seoul to invest in various new defence programmes aimed at strengthening its ability to defend itself against its aggressive neighbour. BMI predicts that defence expenditure will reach US$46bn, an 11.2% increase year-on-year. This enlarged defence budget will go towards improving South Korea's missile defence system, developing cyber capabilities and investing in a new generation of fighter jets.
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