South Korea’s Space Revolution: From Late Bloomer to Satellite Powerhouse by 2030
South Korea launched its national space agency KASA in 2024 and will raise its space budget above ₩1.5 trillion by 2027. Hanwha Aerospace will take over Nuri rocket production and launches from 2025, marking the first full transfer to a private firm. Innospace and Perigee Aerospace are developing commercial launch vehicles, with Innospace completing a successful test flight in 2023.