South Korea Plans 8.2% Defense Budget Increase to $47B in 2026

South Korean President Lee Jae Myung announced an 8.2% increase in the country's defense budget for 2026, raising it to 66.3 trillion won ($47.1 billion), the largest hike since 2008. This increase reflects South Korea's aim to build a more self-reliant military with advanced technologies such as AI-enabled combat robots, autonomous drones, and precision missile systems, moving toward greater independence in security policy amid regional threats. Lee emphasized that peace can only be secured on a strong foundation of security and stressed the importance of not depending on external powers, despite the continued strong alliance with the United States. The move responds to pressure from the U.S. administration for allies to increase defense spending to 5% of GDP, although South Korea currently spends about 2.3%. Analysts note that much of the budget increase will support military pay and intelligence reorganization, alongside modernization efforts aimed at creating technologically advanced forces. The decision comes amid concerns over shifting U.S. policies under President Donald Trump, which have led Seoul to prioritize a capable and independent military to deter threats, particularly from North Korea.