13 September 2012

News Story: South Korea to increase budget for missiles

Hyunmu-2 (left) & Hyunmu-3 (right)

SEOUL (AFP): South Korea will spend USD 2.3 billion dollars over the next five years to secure tactical weapons targeting North Korea's nuclear weapons facilities and missile bases, a state agency said Tuesday.

The defence ministry has approved a five-year plan to spend USD 2.3 billion on buying hundreds of home-built ballistic missiles and other weapons, the Defence Acquisition and Procurement Agency said.

It needs parliamentary approval to be implemented.

Read the full story at Brahmand