South Korea invests $41 million in space research and surveillance
The Defense Industrial Technology Center (DITC) of the State of Korea, on January 27, said that the country will invest 45 billion won ($41 million) over the next five years to develop new generation technologies, to track and monitor space objects.
South Korea invests $41 million in space research and surveillance / ph: pexels
According to DITC, Hanwha Systems Co. will lead the capital research project, with the participation of a number of companies and universities, including the Korean Institute of Space Science and Astronomy, which is overseen by the government until 2025.
According to DITC Uhm Director, with new technologies developed in this project, the military will be able to build an independent laser satellite and space monitoring system.
In November 2020, South Korean Defense Minister Suh Wook announced to strengthen South Korea's space capabilities by securing new weapons, such as military reconnaissance satellites and establish a system for common space activity.
Also related to the space field, the Korean Ministry of Science will invest 211 billion won ($170 million) in space research, help the country's space industry produce key satellite components and satellite launch vehicles.
The ministry will provide 58 billion won for the launch vehicle development sector and 137 billion won for the satellite manufacturing sector.. The ministry will provide 58 billion won for the launch vehicle development sector and 137 billion won for the satellite manufacturing sector.
In 2012, the country built a multi-purpose satellite, 64% of its parts were domestically produced, while the rest was purchased from another country. South Korea wants to increase the domestic share of satellite production in order to reduce dependence on foreign supplies.
South Korea invests $41 million in space research and surveillance
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