KAI to lead gov’t push for private-led space program

Home > Business > Industry

print dictionary print

KAI to lead gov’t push for private-led space program

Korea Aerospace Industries (KAI), Korea’s sole aircraft manufacturer, will develop a next-generation multipurpose satellite in line with the government’s push to open private-led orbital space programs, the Ministry of Science and ICT said Tuesday.

Officials from the Ministry of Science and ICT, KAI and the Korea Aerospace Research Institute (KARI), held a meeting earlier that day to decide the prime contractor in charge of the development of a 500-kilogram (1102-pound) satellite.

The plan comes as the Seoul government earlier announced a long-term plan to help private companies launch orbital space programs in 2026 and send up small spacecraft by private companies starting in 2030.

The plan is aimed at promoting a private company-led development of rockets and spacecrafts as the country lags behind other powerhouses, including the United States and Japan, in the sector.


Yonhap

More in Industry

Lee Lu-da, a little too chatty

Snacks, cereal and frozen food sales soar as social distancing continues

EuCorVac-19 vaccine gets greenlight for trials

Tesla model to lose government subsidies

Jailed Lee vows to support Samsung compliance committee

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now