Well, yeah. In terms of numbers. 30% of the population is military. Of course spending isn't gonna count, North Korea is poor as shit. They don't have the money for nice things, they just have bodies (in various forms of starvation).
And sure, they can justify it with a fear of invasion. SK also has a justified fear of invasion. Looks like it's gonna be a pissing match, we'll see who's got the bigger dick. Militarily speaking.
My money is not on NK.