![South Korea seeks $553 million space budget for 2022]()
In a bid to nurture its nascent domestic space sector, South Korea is seeking a 640 billion won ($553 million) annual space budget for 2022. If granted in full, it would amount to a 4 percent increase from this year’s 615 billion won.
![South Korea to spend $553 million on space projects in 2021]()
South Korea will spend 615 billion won ($553.1 million) in 2021 on space activities aimed at bolstering its capacity to produce satellites, rockets and other key equipment.
