South Korea Cuts Defence Budget in Response to Pandemic

South Korea Cuts Defence Budget in Response to Pandemic
Photo by LEE JIN-MAN / AP

South Korea has announced a cut to its 2020 defence budget in response to Covid-19. The move means the country is one of the first in the world to officially reduce military spending due to the impact of the pandemic.

The Ministry of Economy and Finance (MOEF) in Seoul said in a statement on 16 April that the 2020 defence budget will be cut by KRW904.7 billion (USD738 million).

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