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.
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
|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|