August 29, 2017

SEOUL, Aug. 29 (Xinhua) -- South Korea's defense budget in 2018 would rise the most in nine years to counter rising threats from the Democratic People's Republic of Korea (DPRK), financial ministry said Tuesday.

According to the 2018 budget plan submitted by the Ministry of Strategy and Finance to the National Assembly, a total of 43.12 trillion won (38.3 billion U.S. dollars) was allotted to the defense budget next year.

It was up 6.9 percent from the previous year, marking the fastest yearly increase since 2009.

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