South Korea has finalized its national defense budget for 2026 at KRW 65.8642 trillion (approximately $44.7 billion), representing a 7.5% increase over the 2025 allocation, the Ministry of National Defense said on December 3. Although the original budget proposal submitted to the National Assembly anticipated an 8.2% increase, lawmakers reduced the final figure by KRW […]
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South Korea approves defense budget increase
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