Subscribe free to our newsletters via your
. Military Space News .

S. Korea 'to spend $2 bn' on hundreds of missiles
by Staff Writers
Seoul (AFP) May 22, 2012

South Korea plans to spend more than $2.0 billion dollars over the next five years on buying hundreds of new missiles to cope with threats from North Korea, reports said Tuesday.

President Lee Myung-Bak at a ministerial meeting on April 28 approved a 2.5 trillion won ($2.14 billion) defence ministry project to buy 500-600 new missiles, Chosun Ilbo newspaper said.

Yonhap news agency carried a similar report.

The defence ministry declined to confirm the reports, saying only that South Korea "agrees on the necessity of bolstering its missile capability".

The meeting followed North Korea's long-range rocket launch on April 13 and its repeated threats against the South's conservative government.

The defence ministry made its request "given the mounting threat of provocations from the North since (new leader) Kim Jong-Un took power", Chosun Ilbo quoted a government source as saying.

On April 19 the South unveiled a new cruise missile dubbed the Hyunmu-3 with a range of up to 1,500 kilometres (937 miles), capable of destroying targets such as missile and nuclear bases anywhere in the North.

Chosun said the military wants to increase the number of its Hyunmu-3 cruise missiles, and the number of Hyunmu-2 ballistic missiles which have a 300-km range.

It said they would be used to knock out the North's nuclear weapons facilities, Rodong and Scud missile bases, biochemical weapons plants, command facilities and air force bases in the early stage of any war.

Military officials say the North has about 800 road-mobile missiles. Some 600 are Scuds capable of hitting targets in South Korea, and possibly Japanese territory in some cases.

There are another 200 Rodong-1 missiles that could reach Tokyo.


Related Links
Learn about missile defense at
All about missiles at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Raytheon awarded $313.8 million for Standard Missile-6 all-up rounds
Tucson, AZ (SPX) May 18, 2012
The U.S. Navy awarded Raytheon a $313.8 million contract for low-rate initial production of Standard Missile-6 all-up rounds. SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon's Advanced Medium-Range Air-to-Air Missile. Work will be performed in Tucson, Ariz.; C ... read more

NATO activates missile shield, reaches out to Russia

NATO activates missile shield despite Russian anger

Lockheed Martin's Second Generation Aegis BMD System Successfully Intercepts Missile

U.S. aids Israel missile, seeks joint deal

S. Korea 'to spend $2 bn' on hundreds of missiles

Raytheon awarded $313.8 million for Standard Missile-6 all-up rounds

Training missile falls from Army chopper in Texas: US

Lockheed Martin's New Standalone Launching System Significantly Reduces Weapons Integration Costs

Russia 'may buy' $50 mln worth of Israeli UAVs

3D MAW (FWD) explores the use of unmanned helicopters

GE Aviation to Participate in Demo on AAI's Shadow UAS

Autonomous Vehicle Developed for Surveying Assault-Zone Runways

Second AEHF Military Communications Satellite Launched

Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

Raytheon awarded $57.8 million Phalanx contract

ARL-led program enables new manufacturing processes for ballistic protection

Research findings show brain injury to soldiers can arise from exposure to a single explosion

India ready for U.S. howitzer purchase

Chinese fake parts 'flood' US military: Senate report

NATO moves to share costs of military hardware

Top Israeli arms firm fined for exports

Northrop Grumman to Explore Opportunities with Brazilian Machining Companies

Walker's World: The G8 flunks the test

China TV host sparks debate with 'foreign trash' tirade

China pursuing steady military build-up: Pentagon

Rookie Hollande takes flight at US summits

New technique uses electrons to map nanoparticle atomic structures

Light touch keeps a grip on delicate nanoparticles

Next-Generation Nanoelectronics: A Decade of Progress, Coming Advances

Nanotech gets boost from nanowire decorations

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement