According to the website of Jane’s Defense Weekly on December 3, South Korea’s defense ministry announced a defense budget of 52.84 trillion won in 2021. The expenditure in this plan is equivalent to an increase of 5.4% over the appropriation of 50.15 trillion won in 2020.
reported that novel coronavirus pneumonia had been in recession in the past year before announcing the new defense spending plan, but it was strong rebound. South Korea’s defense budget for 2021 includes 35.84 trillion won for military operations and military spending, which is said to be 7.1% higher than that in 2020, South Korea’s defense ministry said in a statement on February 2. During 2021, expenditure on military modernization, including procurement and R & D, will be 16.96 trillion won, an increase of 1.9% over last year. < p > < p > the South Korean Defense Ministry said that the funds used for military operations and military spending will mainly be used to support national defense operations, education and training, improve the welfare of soldiers, and strengthen the ability of the South Korean armed forces to deal with infectious diseases and other unconventional threats. < / P > < p > South Korea’s defense ministry also said that the 8.5% increase in funding for military modernization compared with 2020 was not significant, because some “large-scale procurement programs, such as the procurement of F-35, are coming to an end.”. In September 2014, South Korea’s defense ministry agreed to purchase 40 Lockheed Martin F-35 fighters at a cost of $7 billion. The first batch of fighters has been delivered to South Korea in March 2019. < / P > < p > South Korea’s defense ministry said that modernization spending will focus on building “core military power”, including the development of capabilities to deal with nuclear and ballistic missile threats, so as to help transfer the command of South Korea’s military wartime operations from the U.S. headquarters to South Korea, and “revitalize military R & D and defense industry”. < / P > < p > South Korea’s defense ministry also revealed that the initial defense budget request for 2021 was 52.92 trillion won, but after consideration, the Congress lowered the number. The budget figure will face further scrutiny before Congress approves it in December. < / P > < p > the report points out that although the growth rate of “core” defense expenditure in South Korea’s defense budget in 2021 slows down, if all the funds of South Korea’s defense ministry are taken into account, the growth rate is still considerable.