Despite the COVID-19 crisis, South Korea's defense budget remains mostly unaffected. Budget reductions in the "2020-2024 mid-term defense acquisition plan" will be limited to programs deemed as "non essential" and to a limited number of foreign procurement programs.
Here is NavalNews.com's seventh monthly report (August 2019). Naval News Monthly Reports are video round ups of the most read naval defense news articles we published in the past month.
South Korea's Ministry of National Defense (MND) unveiled on August 14 an ambitious mid-term defense plan for 2020-2024. In addition to known projects (KDX III Batch II and KSS III Batch II) the plan calls for the design of two new naval projects for the ROK Navy: An LPX-II aircraft carrier and an arsenal ship.
