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

Written by  Park Si-soo Friday, 31 March 2023 11:28
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In a large white hangar lies a large white rocket on its side undergoing assembly. A South Korean flag is seen at one end of the hangar.

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.

The post South Korea sets record space budget to bolster industry, develop new rocket appeared first on SpaceNews.


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