Govt. cut W560b won of defense budget, including for F-35A plan, for COVID-19 extra budget
Aug 2, 2021
Around 560 billion won ($485.8 million) was slashed from this year's defense budget to fund an extra budget in the wake of the pandemic, but the measure will not affect the country's major arms procurement plans, the defense ministry said Monday. Last month, the National Assembly passed a 34.9 trillion-won extra budget bill aimed at propping up the economy battered by the pandemic and to support smaller businesses. For the measure, 562.9 billion won earmarked for 22 defense projects has been s