According to Newsis on December 21, 2023, South Korea's Ministry of National Defense recently announced an increase in its defense budget for the year 2024, totaling 59.42 trillion won (approximately $50.2 billion), which represents a 4.2% rise from the previous year. This budget includes funding for the mass production of the KF-21 Boramae fighter jet, a key component of South Korea's defense strategy.

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