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Alliances | Asia - Other | Boeing | Budgets | Fighters & Attack | Other Equipment - Land | Pre-RFP | Specialty Aircraft

South Korea Plans Significant Defense Budget Increases

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Republic of Korea (ROK) Defense Minister Yoon Kwang-ung recently said he aims to increase the defense budget to 3.2% of the total gross domestic product from the current 2.8% by 2008, a 12.5% increase in relative terms. Some recent Defense Ministry procurement initiatives include...

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