South Korea spent $222 billion on defence from 2021-2025

The rising tensions with North Korea, coupled with China’s increasing assertiveness, have necessitated South Korea to bolster its military capabilities and readiness. These strategic enhancements include investments in advanced weapons systems, military preparedness, and fortification of cybersecurity infrastructure. In light of these developments, the country has allocated $222 billion for the period from 2021 to 2025, according to GlobalData, a data and analytics company. GlobalData’s latest report, “South Korea Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2025–30,” reveals that as part of its modernisation drive, the country has undertaken significant acquisitions, including the KF-21 Boramae Multirole Aircraft, the K239 Chunmoo Multiple Rocket Launch System, and the K9 Self-Propelled Artillery Systems. Notably, all these military platforms are indigenously manufactured. Akash Pratim Debbarma, Aerospace & Defense Analyst at GlobalData, comments: “Over the years, South Korea has successfully diminished its reliance on imports and enhanced the capabilities of its armed forces through the indigenous development of several advanced military systems. The country’s allocation of funds toward acquisition and research, development, testing, and evaluation (RDT&E) underscores its commitment to addressing the evolving security challenges within the region.” The successful flight of the KF-21 prototype by Korea Aerospace Industries (KAI) in 2022 marks a significant stride toward self-reliance in combat aircraft production. While the induction of the KF-21 is slated for 2028, it is expected to considerably enhance South Korea’s aerial combat capabilities with advanced onboard avionics and near-stealth performance. Debbarma concludes: “As North Korea continues its nuclear-capable missile tests, South Korea remains steadfast in enhancing its deterrence strategies, bolstering its air, naval, and missile defense capabilities. However, South Korea is still mainly dependent on the 28,500 US troops to maintain a credible deterrence against potential hostilities from North Korea. With looming uncertainties about the continuance of its reliance on US support following Trump’s return to office, South Korea will likely redirect most of its defence budgets into indigenisation efforts. While supporting its armed forces, South Korea will also try to achieve economy of scale to keep the cost down for its domestic defence systems by exporting them to its allies worldwide. For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Group Sales Director Simon Hadfield at [email protected]