W5.5 trillion earmarked for key missile defense system
Amid North Koreas growing nuclear and missile threats, attention is on a budget increase proposal to bolster a key deterrence system, which is pending approval in the National Assembly. In August, the government announced a defense budget proposal of 57.1 trillion won ($43.2 million) for 2023, a 4.6 percent year-on-year increase, with 5.25 trillion won earmarked for the domestic
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Source: koreatimes.co.kr