Budget Brief: South Korea's Defense Spending Growth Slows

425 project launch

The 2025 budget is funding South Korea's Three Axis system which includes “425 Project” satellites, the first of which was launched in April 2024.

Credit: SpaceX
The South Korean government recently submitted its defense budget proposal for 2025, requesting a 3.6% increase in spending over the previous year. While representing a further boost to military spending, the increase is below the average 5.1% growth seen over the last decade and is likely to...
Craig Caffrey

Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and…

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