Learn Korean Online Free Learn Korean Home
Entertainment Learn Korean Shop
Korean PenPals Korean Friends
TVB Learn Korean Wiki

Korea Korean Classes (Ŭ·¡½º)
Korea Korean Encyclopedia
Korea Korean News Topics
Korea Korean Stories Archive
Korea Learn Korean Downloads
Korea Learn Korean Feedback
Korea Learn Korean Top 10
Korea Learning Korean Forums
Korea Member Journals
Korea Private Messages
Korea Recommend Us
Korea Web Links (링크)
Korea Your Account

Learn Korean Visitor

Nickname

Password

(Register)

Membership:
  • Latest: Kastiel
  • New Today: 21
  • New Yesterday: 28
  • Overall: 39221

People Online:
  • Visitors: 254
  • Members: 0
  • Total: 254
Jpop
Kpop
Kpop
Chinese Pop Music
Korean Pop Site Map
Web Design
Chinese Girls
Lee Hyori
Boa Park Ji Yoon
Baby Vox YG Family
Jeon Ji Hyun
1 Tym Ha Ji Won
Shyne
Shin Mina SM Town
Korean Girls and Models
º¸¾Æ
Edison Chen
Sung Hi Lee
Andy Lau Jay Chou
SES
Kelly Chen
Liu Yi Fei Sammi Cheng
Jordan Chan Learn Kroean Links
Activities Half Term
Learn Korean dot Net :: View topic - Bigger defense budget sought

Forum FAQForum FAQ SearchSearch UsergroupsUsergroups ProfileProfile Login to check your private messagesLogin to check your private messages LoginLogin

Bigger defense budget sought

 
Post new topic   Reply to topic    Learn Korean dot Net Forum Index -> Current Affairs, Sport and Entertainment from Korea
View previous topic :: View next topic  
Author Message
Jon
Korean Citizen
Korean Citizen


Joined: Mar 19, 2004
Posts: 525

PostPosted: Sat Jun 12, 2004 6:03 pm    Post subject: Bigger defense budget sought Reply with quote

Ministry requests 13.4 percent increase for next year

The Defense Ministry requested 21.5 trillion won ($17.9 billion) for next year's budget, up 13.4 percent from this year, to strengthen its war capabilities against North Korea, a ministry official said yesterday.

The proposed budget accounts for 2.9 percent of the gross domestic product, while spending this year is 18.9 billion won, comprising 2.8 percent of last year's GDP.

The increase comes amid security concerns over the U.S. plan to pull out one-third of its 37,000 troops in the South by the end of next year. Seoul is expediting its defense build-up plan, as Washington is pushing its global realignment faster than expected.

The ministry said it asked the Ministry of Budget and Planning for an increase in its spending to continue hundreds of arms buildup projects and begin new ones, such as creating an anti-missile defense and airborne reconnaissance system.

The Ministry of Budget and Planning, and other ministries, will review the proposal and then send it to the president's office. The draft will be forwarded to the National Assembly for approval some time in September.

"We asked for such an increase in order to secure core fighting power in line with the country's own defense posture and future military threats," said two-star general Won Jang-hwan at a news briefing.

The intended budget is 0.1 percentage point short of the original plan the ministry wanted.

Maj. Gen. Won said the old budget plan did not consider the effects of the United States withdrawing from the South, as the ministry's request was made in late May before the Pentagon's official proposal for the reduction went public early this month.

"The ministry believes the government will readjust military spending to 3 percent of the GDP by August," Won said.

A senior presidential official earlier said the government should earmark at least that amount of the nation's budget for its 650,000-member military to effectively be a deterrent against the 1.1 million North Korean forces.

The state-run Korea Institute of Defense Analysis said South Korea needed to raise its spending to a level of 3.2 percent of the GDP, as an additional 209 trillion won would be needed by 2020 to buy the equipment it needs.

The 2005 budget breaks down into 7.3 trillion won allocated for arms build-up projects and 14.1 trillion won for current outlay, up 16 and 12.1 percent from this year's spending, the ministry said.

For combat and readiness, it earmarked 5.6 trillion won for the ongoing 181 projects.

They include an early airborne warning system, known as AWACS, and the joint Command, Control, Communication, Computer and Intelligence system, or C4I. The projects also are also focused on acquiring F-15K fighters, K1A1 tanks and unmanned patrol planes.

The ministry also said it allocated 72 billion won for 17 new combat projects, including Global Positioning System-guided missiles, launching military spy satellites and aerial defense systems, and the Patriot missile system, code-named SAM-X. It also hopes to convert some infantry units into an armored brigade and adopt a detector of chemical and biological weapons.

Under Seoul-Washington agreements, Korea should reserve about 812 billion won for U.S. troops stationed on the peninsula.

An additional 263 billion won allocated for the relocation of some of the 37,000 American troops, but the proposed budget excluded the item, considering ongoing talks, in which both sides failed to ink the deal, last week.

The ministry asked for 2.77 trillion won to improve military residences and the overall welfare of the rank and file.

It said it would enhance basic necessities of about 600,000 enlisted soldiers mostly in their early 20s, who are fulfilling their mandatory service.

The monthly average salary for enlisted soldiers will increase to 55,000 from the current 35.800 won.

The daily spending for food per solider will be 4,805 won, an increase of 140 won.

(smjoo@heraldm.com)


By Joo Sang-min
Back to top
View users profile Send private message Send email Visit posters website MSN Messenger
Display posts from previous:   
Post new topic   Reply to topic    Learn Korean dot Net Forum Index -> Current Affairs, Sport and Entertainment from Korea All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Diet Patch | Learn Chinese | Learn cantonese | Learn Mandarin | Kaila yu | Utada Hikaru | Jet Li | Twins HK | Kelly Hu | Wondergirls | Aaron Kwok Joey Yung | Maia Lee | Chinese Singles | Andy Lau | Sammi Cheng | JackieCheung | Nicholas Tse | Jolin Tsai | Jay Zhou | Jordan Chan | Kelly Chen | Joey Yung | Detox Patch | Detox | Park Ji Yoon | SES | Shinhwa | Shin Mina | Shyne | SM Town | Sung Hi Lee | T Tasha | U;nee | Yoo Seung Jun | Won Bin
YG Family | Korean Girls | Korean Wife | Korean Dating | Korean Husband | Korean Girls | Korean Singles | Se7en | Epik High | FinKL | Kpop Banners | 1 Tym | BabyVox | Bae Yong Jun | Bi Rain| Boa | Jpop | Click-B | Fly to the Sky | GOD | Ha Ji Won | Hyori | Jang Nara | Jeon Ji Hyun | JTL | Papaya Lee Soo Young | Grace Park | Se7en | Kpop Kim Hee Sun | Won Bin | Korean Singles | Bae Yong Jun | Speak Korean | Jang Nara | SES | YG Family | Chae Yeon | Party Promoter | Phone Card | RHUL | Web Tutorial | SQL Tutorial | Hacking Tutorial | BokuMaro | CV Help Book | Ayumi Hamasaki | Gong Li | Chinese Music | Liu Yi Fei | Edison Chen | Andy Lau | Alyssa Chia Fly China | Uk Chinese | Chinese Models | Music | Learn Korean | Japanese Girls | Memory Card | Gackt | Jang Woo Hyuk | Fan Bing Bing | Kpop News | Learn Japanese |
All logos and trademarks in this site are property of Kpop Team¨Ï 2009
Thanks to Jon Bock and Assisted Web Design by Tim McCarty and Steve Tolan Jr Computer Programming with Internet Marketing and Search Engine Optimisation Software Defined Radio

Page Generation: 0.10 Seconds
Learning Korean