In 2023, South Korea allocated approximately 57 trillion South Korean won to its national defense budget. This was an increase of over two trillion won compared to the previous year. South Korea's defense budget has steadily increased over the years.
South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won)
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Other statistics that may interest you Defense industry in South Korea
Overview
5
- Basic Statistic Distribution of military expenditure globally in 2023, by country
- Premium Statistic National defense budget South Korea 2006-2023
- Premium Statistic Ratio of military spending to national budget South Korea 2013-2023
- Premium Statistic Military expenditure as share of GDP South Korea 2003-2022
- Premium Statistic Value of defense burden sharing amount South Korea U.S. 2005-2023
Industry finances
7
- Premium Statistic Revenue of the defense industry South Korea 2009-2021
- Premium Statistic Revenue of the defense industry South Korea 2021, by sector
- Premium Statistic Operating profit of the defense industry South Korea 2016-2021
- Premium Statistic Facility investments of the defense industry South Korea 2016-2021
- Premium Statistic R&D investments of the defense industry South Korea 2016-2021
- Premium Statistic Total assets of the defense industry South Korea 2017-2021
- Premium Statistic Number of designated munitions South Korea 2022, by type
Exports
4
- Basic Statistic Market share of the leading exporters of major weapons 2019-2023
- Premium Statistic Arms and ammunition export value from South Korea 2000-2022
- Premium Statistic Tanks and other armored fighting vehicles export value from South Korea 2000-2022
- Premium Statistic Warships export value from South Korea 2006-2022
Imports
4
- Basic Statistic Market share of major arms imports by the largest importers 2019-2023
- Premium Statistic Arms and ammunition import value to South Korea 2000-2022
- Premium Statistic Tanks and other armored fighting vehicles import value to South Korea 2000-2022
- Premium Statistic Warships import value to South Korea 2005-2022
Key contractors
7
- Premium Statistic Number of defense contractors South Korea 2022, by sector
- Premium Statistic Revenue Hanwha Aerospace 2016-2022
- Premium Statistic Revenue Poongsan Corporation 2016-2022
- Premium Statistic Revenue of Hyundai Rotem 2016-2022
- Premium Statistic Revenue Korea Aerospace Industries 2016-2022
- Premium Statistic Revenue of LIG Nex1 2016-2022
- Basic Statistic Revenue of SNT Motiv 2016-2022
Further related statistics
11
- Ratio of military spending to national budget South Korea 2013-2023
- Military spending growth rate South Korea 2011-2021
- Opinion on the need to increase or decrease France's military spending 2019
- Military expenditure as percent of GDP in China 2008-2022
- Number of active military personnel in NATO countries 2024
- Military expenditure in China 2012-2022
- Breakdown of military spending in China by category 2017
- France: public defense equipment spending 2010-2018
- France: public defense equipment spending by department 2015
- Breakdown of Saudi Arabia's governmental budget 2022, by type
- Global drone spending by country FY2017-FY2021
Further Content: You might find this interesting as well
Statistics
- Ratio of military spending to national budget South Korea 2013-2023
- Military spending growth rate South Korea 2011-2021
- Opinion on the need to increase or decrease France's military spending 2019
- Military expenditure as percent of GDP in China 2008-2022
- Number of active military personnel in NATO countries 2024
- Military expenditure in China 2012-2022
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Statistics Korea. (July 5, 2023). South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/
Statistics Korea. "South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won)." Chart. July 5, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/
Statistics Korea. (2023). South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/
Statistics Korea. "South Korea's National Defense Budget from 2006 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 5 Jul 2023, https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/
Statistics Korea, South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/ (last visited May 04, 2024)
South Korea's national defense budget from 2006 to 2023 (in trillion South Korean won) [Graph], Statistics Korea, July 5, 2023. [Online]. Available: https://www.statista.com/statistics/745747/south-korea-national-defense-expenditure/