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S. Korea to Launch Homegrown Solid-fuel Space Rocket by 2024

S. Korea to Launch Homegrown Solid-fuel Space Rocket by 2024

SEOUL, Sept. 16 (Korea Bizwire) — South Korea plans to develop and launch an indigenous solid-propellant space rocket by 2024, officials said Thursday, following the successful combustion test of its engine in July. According to the defense ministry, the state-run Agency for Defense Development successfully conducted the combustion test of a solid-propellant engine for space [...]

S. Korea to Develop New Frigate with Domestic Technologies

S. Korea to Develop New Frigate with Domestic Technologies

SEOUL, Aug. 4 (Korea Bizwire) — South Korea decided to acquire a new frigate with improved anti-aircraft and survival capabilities through domestic research and development, the arms procurement agency said Wednesday. The defense project promotion committee held a videoconference and approved the plan for the 3.5 trillion won (US$3.1 billion) Ulsan-class Batch IV project, according [...]

S. Korea to Spend Big on Next-generation Chip Sector

S. Korea to Spend Big on Next-generation Chip Sector

SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]

Aircraft Manufacturer KAI to Develop 3 Satellites by 2025

Aircraft Manufacturer KAI to Develop 3 Satellites by 2025

SEOUL, Dec. 31 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Tuesday it will develop three satellites by 2025 in the second phase of the country’s satellite development project. KAI and the Korea Aerospace Research Institute (KARI) plan to jointly develop three midsized satellites that are capable of conducting [...]