South Korea Funds Missile Defense Acquisition

On August 15, South Korea’s Ministry of Defense announced it would spend about $240 billion on missile defense in the 2020-2024 period. Under the budget plan, the Blue House would acquire two ground-based early warning radars, three Aegis-equipped destroyers, and the Patriot Advanced Capability 3 Missile Segment Enhancement (PAC-3 MSE) missile defense system, all of which were previously confirmed in earlier procurement decisions. The proposal also called for deeper investment in indigenous systems, with updates and further development planned for the KM-SAM (Cheolmae-II) and L-SAM air defense missiles.