The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.

The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.

The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.

The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.

The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.

The government of South Korea has cut KRW562.9 billion (USD484.4 million) from the country's 2021 defence budget in response to economic pressures stemming from the Covid-19 pandemic. The cuts were contained in a supplementary expenditure approved by the National Assembly in late July.

Janes Defence Budgets (JDB) analysis of data within the supplementary budget, which was issued by the Ministry of Economy and Finance, shows that the cuts are sourced from 22 procurement and research and development (R&D) projects.

Janes Defence Budgets forecasts continued growth in South Korea's defence budget (Janes Defence Budgets)

However, given the scope of some of these projects, the cuts are not deep and are unlikely to severely disrupt procurement and operational schedules. Funding cut from the programmes in 2021 is expected to be reappropriated through defence budgets in subsequent years.

In the 2021 supplementary budget, South Korea's programme to procure Lockheed Martin F-35 fighter aircraft was cut by KRW92.1 billion. Seoul agreed to procure 40 F-35s in 2014 for USD7 billion. First deliveries took place in 2019.