Military Expenditure (Local Currency) in South Korea

Military expenditure in local currency reached KRW 59,871 bil in 2022 in South Korea, according to the SIPRI Military Expenditure Database. This is 2.88% more than in the previous year.

Historically, military expenditure in local currency in South Korea reached an all time high of KRW 59,871 bil in 2022 and an all time low of KRW 0.271 bil in 1950.

South Korea has been ranked 4th within the group of 150 countries we follow in terms of military expenditure in local currency.