Starting next year, South Korea’s government will transfer state-owned space launch vehicle technologies to domestic aerospace companies in a move to help them penetrate an expanding global space launch market.
Korean Air, South Korea's biggest airline, says it will develop common bulkhead propellant tanks for small satellite launch vehicles as part of the Ministry of Science and ICT’s “Space Pioneer” project.
The chief of South Korea’s space agency has vowed to spin off near-term applications to the private sector and refocus the agency on long-term investments that “won’t pay off until 2050.”
President Moon Jae-in of South Korea has vowed to launch the nation’s first robotic lunar lander on a domestically developed rocket by 2030.
The March 22 launch of South Korea’s CAS500-1 remote sensing satellite has marked the beginning of the country’s journey toward the domestic satellite industry being driven by the private sector.
A Soyuz rocket launched 38 satellites from 18 countries on Monday, including South Korea’s CAS500-1 remote sensing satellite, in the first all-commercial rideshare mission GK Launch Services has arranged without a Russian government satellite onboard.
The launch of a Soyuz-2.1a rocket carrying a South Korean remote sensing satellite and three dozen smaller satellites was delayed Saturday due to a problem with the rocket’s upper stage.