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South Korea Considering Boosting Budget to Invest in Missile Defense Systems

October 18, 2005 :: Seoul Times :: News

The Seoul Times reports that South Korean plans to raise its defense budget by 11% to improve its defense capability, which includes purchasing missile defense systems including Patriot interceptors, Aegis destroyers, and even “multi-function satellites.” The relative buildup is a response to the planned downsizing of the U.S. presence on the peninsula in 2008.
        Maj. Gen. Bang Hyo-Bok, a policy planning officer at the Defense Ministry, was quoted by the Yonhap News Agency as saying that “We’re pushing for President Roh Moo-Hyun’s cooperative self-defense’ system…In terms of the war deterrence effect, we’ll be laying the groundwork for South Korea to take the initiative in defending the Korean Peninsula.”  (Article)

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