South Korea’s CVX aircraft carrier program received no funding in the latest budget proposal released this week, a move that puts the future of the programming in serious doubt.
The South Korean government requested about $ 42.4 billion for defense spending next year, a 4.6 percent increase from 2022, in its Aug. 30, defense budget proposal. Of this, about $13.3 billion was allocated to new acquisition programs, with the remaining funds assigned for maintenance and operations.