South Korea has announced the initiation of a new project to develop locally-produced spacecraft, marking a significant step in advancing the nation’s space exploration capabilities.
The project, unveiled today by the Ministry of Trade, Industry, and Energy, is designed to boost South Korea's position in the aerospace sector.
According to Yonhap News Agency, the South Korean government has entered into a partnership with 13 research institutions and private companies to develop approximately 10 critical spacecraft components.
This ambitious endeavor has a budget allocation of 23 billion won (about $16.6 million USD) and will focus on crafting essential parts such as engines, robotic arms, and other systems engineered to withstand extreme conditions in space, including high radiation levels and frigid temperatures.
Lee Seung-Ryul, Vice Minister of Industrial Policy, expressed confidence in South Korea's potential within the aerospace industry, highlighting the nation's competitive edge in future-focused technologies, including next-generation automotive manufacturing, robotics, and information and communications technology.
The ministry has pledged to maintain its commitment to advancing domestically-produced technologies, materials, and equipment across strategic sectors such as aerospace, aviation, and national defense.
This project reflects South Korea’s aim to achieve a more self-reliant and innovative presence in the global space exploration landscape.