Story perspectives
South Korea's Cheongung-II Outperforms Patriot System at Lower Cost
3/21/2026
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South Korea's Defense Strategy
- The MIM-104 Patriot missile system carries about a $1 billion price tag.
- Each interceptor missile costs about $4 million.
- The United States has spent over $11.3 billion early in the Iran conflict.
- South Korea's Cheongung-II missile system achieved a 96% interception rate against Iranian missiles at one-third the Patriot system's cost.
- South Korea faces challenges managing the political implications of its defense exports as its involvement deepens.
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