South Korea Military Spending/Defense Budget | Historical Data | Chart | 1960-2024

South Korea military spending/defense budget for 2024 was 47.57 billion US dollars, a 0.48% decline from 2023.
  • South Korea military spending/defense budget for 2023 was 47.80 billion US dollars, a 3.1% increase from 2022.
  • South Korea military spending/defense budget for 2022 was 46.37 billion US dollars, a 8.86% decline from 2021.
  • South Korea military spending/defense budget for 2021 was 50.87 billion US dollars, a 10.31% increase from 2020.
South Korea Military Spending/Defense Budget: Historical data from 1960 to 2024.