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S Korean defense budget sees 5.6% increase in 2012

English.news.cn   2011-09-27 17:08:46 FeedbackPrintRSS

SEOUL, Sept. 27 (Xinhua) -- South Korea's defense budget in 2012 will rise 5.6 percent from this year, the defense ministry said Tuesday.

The 33.1 trillion won budget will be spent on enhancing combat readiness of the military and fortification of five border islands deemed vulnerable to potential attacks by the Democratic People's Republic of Korea (DPRK), the defense ministry said in a statement.

The ministry also needs to purchase new combat equipment, improve military medical facilities and boost investment in research and development efforts in the defense industry.

About 25.8 billion won will be earmarked for a program designed to nurture experts to counter growing threats of cyber terrorism, the ministry added.

The government spending plan totaling 326 trillion won (275 billion U.S. dollars) will be submitted to parliament Friday for approval.

Editor: Xiong Tong
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