National defense budget for improving defense capabilities South Korea 2006-2024

Published by
Jang Seob Yoon,
Oct 8, 2024

In 2024, South Korea's national defense budget for improving defense capabilities was approximately 17.65 trillion South Korean won. Except for 2022, it was raised consistently. This share of the defense budget is allocated to developing new capabilities or updating old equipment, for example by arms purchases.

South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won)

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Release date

September 2024

Region

South Korea

Survey time period

2006 to 2024

Supplementary notes

Figures have been rounded.

1,000 South Korean won equals 0.76 U.S. dollars or 0.68 euros as of October 2024.

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