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Report: Evolution and Dynamics of the Space Industry in South Korea (IFRI 2024)

Synopsis

South Korea has emerged as a rising power in the global space industry landscape over the past few decades. While its space program started relatively late compared to other major space powers, South Korea has made remarkable progress in developing indigenous launch vehicles, satellites, and related technologies.

Historical Overview

South Korea initiated its national space program in the late 1980s and early 1990s by establishing key institutions such as the Korea Aerospace Research Institute (KARI) and the Astronomical Space Science Research Institute. In the 1990s and 2000s, South Korea focused on building foundational capabilities by developing science rockets and experimental satellites. Major milestones included the launches of the small science satellite Wooribyul 1 in 1992 and the medium-sized Arirang 1 satellite in 1999.

South Korea made further advancements in the 2000s and 2010s by enacting supportive legislation, improving launch vehicles and satellites, and joining the exclusive group of nations with independent geostationary satellite launch capability in 2010. Other notable achievements were the launches of multipurpose satellites and the domestically developed Naro-1 rocket in 2013. Recently, South Korea successfully launched its fully indigenous three-stage Nuri rocket in 2022, affirming its position as a space leader.

Current Ecosystem

South Korea’s space industry ecosystem involves complex interactions between government entities, research institutions, universities, and private companies. Key players include the National Space Committee, relevant government ministries, the Korea Aerospace Research Institute (KARI), the Korea Astronomy and Space Science Institute (KASSI), and an expanding private space industry.

The government has steadily increased spending on space programs, with the 2023 budget reaching a record $724 million. Major focus areas are expanding satellites, improving launch vehicles, and enabling deep space exploration capabilities including lunar and Mars missions. The government aims to double its space budget by 2027 to accelerate development.

Strategic Outlook

South Korea’s space strategy has progressed through three main phases since 1996, guided by long-term basic plans for space promotion. The current phase focuses on the “Space Development 2.0” plan launched in 2022, which sets ambitious goals for South Korea to become a global space economic powerhouse by 2045. This plan focuses on expanding space exploration and infrastructure, developing leading-edge technologies, and fostering a thriving private space industry.

On the defense side, South Korea aims to enhance its military space capabilities in areas like surveillance, intelligence, and space asset protection. This includes reconnaissance satellites and institutional restructuring to enable integrated space operations. Internationally, South Korea has strengthened space cooperation with allies like the US while also collaborating with emerging space nations.

Overall, South Korea is positioning itself as a rising space leader through persistent indigenous technological development, supportive government policies, an ecosystem approach, and global partnerships. With its sights set on milestones like lunar missions and expanding economic opportunities, South Korea’s space program is entering an exciting new era.

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