South Korean Defense Minister Yoon Kwang-ung said Tuesday that the government would spend 151 trillion won (150 billion U.S. dollars) within the next five years to boost the defense capacity to counter any military threats.
Yoon's announcement came after his meeting with President Roh Moo-hyun earlier in the day, during which Yoon delivered a five-year military reform plan to Roh.
"President Roh Moo-hyun encouraged the ministry to carry out its plan as scheduled," Yoon said at a press conference, adding that Roh gave orders to use the plan to strengthen South Korea's self-defense posture and military forces.
Among the defense spending, up to 20 percent will be used in military research and development, Yoon said.
According to the plan, South Korea will cut 35,000 troops, mostly from the Army, from 2007 to 2011 to maintain a military force with 634,000 troops.
The Defense Ministry also plans to introduce advanced weapons systems, including surface-to-air missiles, mid-air fueling aircraft, large-sized transport ships and planes and 3,000-ton submarines to its military force.
Read more
Search This Blog
Subscribe to:
Post Comments (Atom)
Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.
The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.
I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.
This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.
The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.
I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.
If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.
This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.