Breaking News, World News and Taiwan News.

S. Korea to increase budget for missiles

SEOUL -- South Korea will spend US$2.3 billion dollars over the next five years to secure tactical weapons targeting North Korea's nuclear weapons facilities and missile bases, a state agency said Tuesday.

The defense ministry has approved a five-year plan to spend 2.7 trillion won (US$2.3 billion) on buying hundreds of home-built ballistic missiles and other weapons, the Defense Acquisition and Procurement Agency said.

It needs parliamentary approval to be implemented.

In April, the South unveiled a new cruise missile dubbed “Hyunmu-3,” which can travel more than 1,000 kilometers (625 miles).

The military plans to increase the number of its Hyunmu-3 cruise missiles as well as the number of Hyunmu-2 ballistic missiles, which have a 300-km range.

South Korea also wants the United States to expand the range of Seoul's ballistic missiles.

The U.S. stations 28,500 troops in South Korea, a close ally, and guarantees a nuclear “umbrella” in case of any atomic attack. In return, Seoul maintains a 300-kilometre limit on its missile capabilities.

The need to strengthen Seoul's missile capability took on new urgency after the North's latest long-range rocket launch in April.

The South believes the North has 1,000 missiles of various types, many of them targeted at Seoul or other locations in the South.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search