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.
South Korea has set an October date for the maiden flight of the nation’s first fully domestically developed satellite launch vehicle, the Korea Aerospace Research Institute (KARI) announced. Minister of Science, ICT and Future Planning Hyesuk Lim approved KARI’s plan to conduct flight tests of the new Nuri booster from the Naro Space Center on Oct. 21 and May 19, 2022 .