South Korea invests $329 million in missile shield by 2028
The government in Seoul plans to allocate 479.8 billion won ($329 million) by 2028 to develop a missile defense system modeled on Israel's "Iron Dome," as announced on Monday by South Korea's defense acquisition agency, DAPA.
The project aims to create the indigenous LAMD missile defense system to intercept missiles coming from North Korea. It involves agencies such as the Defense Development Agency and defense companies like LIG Nex1 Co., Hanwha Aerospace Co., and Hanwha Systems Co.
DAPA reported that the system will be able to respond to more targets simultaneously than the Israeli "Iron Dome."
LAMD is primarily intended to protect government and military facilities in the capital area, which are within the range of North Korean artillery and missile systems. This region is home to nearly half of the country's 51 million people.
North Korean leader Kim Jong Un has often threatened attacks, including nuclear ones, on Seoul. In 2024, he ordered the acceleration of military preparations for war.
