South Korea’s military spending to grow by an annual average of 6.8% until 2027

South Korea plans to increase military spending by an average of 6.8% annually until 2027 to achieve „overwhelming” capabilities to counter North Korea’s weapons programs, according to the plan presented Wednesday by the Ministry of National Defense in Seoul, EFE reports, Agerpres reads. Seoul is expected to spend 560 billion won (about $441.26 million) over […] Read more