UK defence spending was further squeezed in the 2013 Budget announcement. It is likely to face additional cuts for 2015/16 in the 2015 Spending Review. The defence budget for subsequent years may depend on how the 2015 Spending Review shares the burden of future austerity between expenditure cuts and tax rises.
The continuing development of North Korea's nuclear and missile capabilities is testing the readiness and long-term planning of South Korea's missile defences. The plans will undoubtedly be overshadowed by Chinese concerns.