Seoul, January 20 (QNA) - South Korea on Monday officially began the development of a homegrown interceptor system akin to Iron Dome to bolster its defense against against external threats.

The South Korea's arms procurement agency said that the Korean government plans to spend 479.8 billion won ($329 million) through 2028 to develop the Low-Altitude Missile Defense (LAMD) system designed to simultaneously intercept incoming artillery rounds, according to the Defense Acquisition Program Administration (DAPA).

According to South Korean Yonhap News Agency, South Korea has sought to strengthen its air defense capabilities in Seoul, explaining that the system would help defend key military facilities against North Korean artillery threats, adding that it would push for the homegrown system’s early deployment. (QNA)