South Korea will invest 615 billion won in space projects this year, including 189.7 billion won to launch its first locally built Nuri rocket in October and 322.6 billion won on developing new satellites.
According to the Ministry of Science and ICT, the country will also invest 52.6 billion won on space exploration, which includes its lunar orbiter project that is currently preparing for a launch next year.
The 200-ton Nuri rocket to be launched later this year will have a mock payload, while the launch of another carrying a real satellite is slated for May next year.
In 2013, South Korea sent its 140-ton Naro rocket into space after two failed attempts. However, the main rocket on that launch was Russian-built.
The ministry plans to launch a mid-sized observation next-generation satellite next month in Kazakhstan and is working on developing a new public communications geostationary orbit satellite.


Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Google Secures Pentagon AI Deal for Classified Projects
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 



