S. Korea spurs regional arms race headed by China: CSIS
WASHINGTON (Yonhap) -- South Korea's military spending rose 67 percent over the past decade, helping spur Asia's arms race led by China, a think tank here said in a report.
"South Korea's total defense spending increased in constant 2011 (US) dollars from $17.1 billion in 2000 to $28.6 billion in 2011," the Center for Strategic and International Studies (CSIS) said in the report on Asia's defense expenditures.
"The most significant growth took place between 2005 and 2007 leading to a spending peak of $30.1 billion in 2007," it added.
The research covers South Korea, China, Japan, India, and Taiwan, which account for around 87 percent of Asia's defense spending.
With the exception of 2009, the CSIS noted, South Korea boasted the second-largest per-soldier spending of all five nations examined.
South Korea has about 650,000 troops to confront a 1.1-million-soldier military in North Korea.
Per-soldier spending jumped from about $25,100 in 2000 to $43,600 in 2011, with peak spending of $43,700 in 2007, according to the CSIS, based on reports by the South Korea's defense m
Oct 16, 2012