S.Korea to Buy $1.2 Bil Dollar Worth of K9 and F-15KsUpdated: 2010-11-26 (KST)
The South Korean government has set a 1.4 trillion won or about 1.2-billion-US-dollar budget in purchasing K-9 self-propelled howitzers and F-15K fighter jets with the hopes of strengthening the country's military and naval forces.
According to finance and defense ministries on Friday the amount of next year's national defense budget has increased 5.8 percent compared to this year's.
Such an increase is seen as an effort to strengthen South Korea's military capabilities in the wake of North Korea's attack on Yeonpyeong Island this week.
With the newly set budget Seoul will be able to buy one hundred more K-9 self-propelled howitzers which cost 3.5 million dollars each along with eight to nine additional 88-million dollar F-15K fighter jets next year.
Reporter : firstname.lastname@example.org