South Korea's Defense Ministry said Friday that its defense spending as a share of gross domestic product is already "very high" in response to a call from Washington for allies to increase their ...

After emerging from the 1950-53 war with North Korea, South Korea emerged as one of the 20th century’s most remarkable economic success stories, becoming a developed, globally connected, high ...

Korea’s military expenditures have dropped from 4 percent of GDP in 1990 to 2.5 percent in 2024, while spending on education has increased by 3 to 4.8 percent.

NATO has set a new goal for member nations regarding defense spending, including related expenses, by raising the objective ...

Illegal activities incur costs of more than $19 trillion (more than China’s GDP), slow down growth and investments and ...

The federal government's economic think tank says Australia will likely be a winner from Donald Trump's tariffs if it does not retaliate and that we would be better off by removing more of the ...

NATO leaders on Wednesday backed the big increase in defence spending that U.S. President Donald Trump had demanded, and ...

In pursuing his value-based diplomacy, Yoon became an enthusiastic supporter of NATO and sought to engage closely with NATO ...

Continued support for Ukraine amid Russian aggression as well as higher defence spending by allies are key topics.

The escalating conflict in the Middle East is “deeply worrying”, a deputy governor of the Bank of England has warned after voting to keep interest rates on hold. Clare Lombardelli said the central ...