Defense Policy

Defense Buget

Status of the defense budget over the last 5 years

(unit : KRW billion)

Status of the defense budget over the last 5 years
Classification 2020 2021 2022 2023 2024
GDP 1,940,700 2,080,200 2,161,800 2,228,800 2,338,000
Government budget(general) 356,568 380,850 421,416 446,242 449,526
Defense budget(billion $) 50,153 52,840 54,611 57,014 59,424
Increase(%) 7.4 5.4 3.4 4.4 4.2
vs GDP(%) 2.58 2.54 2.53 2.56 2.54
vs Government budget(%) 14.1 13.9 13.0 12.8 13.2

2024 Defense budget(chart part)

(unit : KRW billion)

2023 Defense budget(chart part)
Classification 2024 share(%)
Defense budget 59,424.4 100.0
Force improvement program 17,653.2 29.7
Force maintenance 41,771.2 70.3
Personnel expense 21,699.0 36.5
Food & clothing 2,630.2 4.4
Defense informatization 761.0 1.3
Service members welfare 1,517.1 2.6
Logistics support 6,444.8 10.8
Training & education 870.1 1.5
Installation construction 5,111.8 8.6
Others 2,737.2 4.6