S. Korea's defense spending rises amid N. Korea's nuclear threat
Apr 7, 2013
SEOUL -- South Korea's defense spending rose for the third consecutive year last year, data showed Sunday, amid escalating tensions with North Korea over its persistent nuclear and missile threats. South Korea spent 2.6 percent of its gross domestic product (GDP) on defense last year, the highest level in three years, according to figures by the Ministry of National Defense. South Korea's defen...