space project Archives | Be Korea-savvy

3rd Launch of Space Rocket Nuri Slated for May: Space Institute

SEOUL, Jan. 11 (Korea Bizwire) — The third launch of Nuri, the country’s first homegrown space rocket, will be held in early May, following last year’s successful second test-firing, the state space institute said Tuesday. “A launch management team will be formed in late March, and Nuri will be fired in early May as planned,” [...]

S. Korea to Invest 12 bln Won in Developing 100-ton Liquid Engine

SEOUL, Feb. 8 (Korea Bizwire) — South Korea plans to invest 12 billion won (US$10 million) in developing high-performance, liquid-fuel engines by next year to ramp up the country’s decadelong space project, the ICT and science ministry said Tuesday. In 2020, South Korea unveiled the “Space Challenge” program with the aim of investing 49.6 billion [...]