South Korea sets record space budget to bolster industry, develop new rocket

Published by SpaceNews on 03/31/2023 UTC

South Korea will spend 874.2 billion won ($674 million) on space programs this year to expand its domestic space industry, develop a next-generation launch vehicle, and bolster space defense capabilities. It is a 19.5 percent increase from the previous year, and the most South Korea has ever budgeted for space.

Continue Reading >