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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Statistics Korea. (September 25, 2024). South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/
Statistics Korea. "South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won)." Chart. September 25, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/
Statistics Korea. (2024). South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/
Statistics Korea. "South Korea's National Defense Budget for Improving Defense Capabilities from 2006 to 2024 (in Trillion South Korean Won)." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/
Statistics Korea, South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/ (last visited December 18, 2024)
South Korea's national defense budget for improving defense capabilities from 2006 to 2024 (in trillion South Korean won) [Graph], Statistics Korea, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/1369785/south-korea-national-defense-expenditure-improving-defense-capabilities/