South Korea to Boost Military and Civil Space Spending, Transfer Satellite and Launch Vehicle Technology to Private Sector

Test model of the Nuri (KSLV-II) booster. (Credit: Ministry of Science and ICT)

by Douglas Messier
Managing Editor

South Korea plans to invest more than $14.25 billion over the next decade to improve its military and civil space capabilities. The Republic of Korea will transfer satellite and launch vehicle technology to the private sector to boost the nation’s domestic capabilities and improve its international competitiveness. The nation is also deepening defense and civil space cooperation with the United States.

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