South Korea increases defense budget by 5% in 2027 budget proposal

Growing tensions due to North Korea's missile tests and China's unwavering support for Pyongyang will prompt South Korea to prioritize defense spending. The 2026 budget saw a 3.2% increase, and geopolitical pressure typically accelerates defense budget growth.

macro · Prediction Market

Implied probability (Yes)

68%

Closes

2027-01-31

More macro markets

• Labour loses 10% of its UK polling lead to Greens by 2027 — 68% Yes
• S&P 500 surpasses 6,500 by December 2027 — 70% Yes
• Highway Trust Fund revenue loss triggers 2027 infrastructure cuts — 60% Yes
• Australian coal exports to China fall 15% by Q4 2026 due to supply disruptions — 60% Yes
• Iran exports LPG volume rises 15% by Q4 2026 — 70% Yes
• US dollar strengthens against yuan by 5% within 6 months — 70% Yes
• Foreign institutional outflows from Japan equities exceed $50B by 2026 Q3 — 72% Yes
• NY budget passes with pension reform by June 30 — 70% Yes

Browse all macro markets →