KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Hanwha

Hanwha Aerospace to Lead South Korea’s Next-Generation Space Rocket Project

Minseo Park by Minseo Park
PUBLISHED: March 22, 2024 UPDATED: March 22, 2024
in Hanwha, South Korea, Tech Industry
0
Hanwha Aerospace to Lead South Korea’s Next-Generation Space Rocket Project

Hanwha Aerospace, South Korea’s premier aerospace company, announced on Wednesday that it has secured the role of leading the nation’s upcoming space rocket endeavor. 

The selection came following a bidding process initiated by the Public Procurement Service, which commenced in December of the previous year. Hanwha Aerospace emerged victorious after competing against Korea Aerospace Industries. 

Under the government-sponsored initiative titled “Total Manufacturing of the Next-Generation Launch Vehicle Development,” Hanwha Aerospace will collaborate closely with the Korea Aerospace Research Institute (KARI) to develop the KSLV-III, the next-generation launch vehicle succeeding the KSLV-II Nuri rocket.

Following an assessment of its technical prowess and the sustainability of its project proposal, Hanwha was formally chosen as the preferred bidder on March 12. In the forthcoming days, Hanwha will finalize the contract details after engaging in negotiations with the Korea Aerospace Research Institute (KARI), the government-operated space agency overseeing the project.

This initiative aims to develop an advanced launch vehicle capable of transporting payloads, including lunar landers, into space. With the collaboration, the duo aims for an active involvement of a private enterprise in all stages of the project, encompassing design, launch, and operation, in close partnership with KARI. 

The next-generation launch vehicle is anticipated to enhance performance capabilities compared to its predecessor, the Nuri rocket, enabling it to launch large satellites and support space exploration endeavors efficiently.

The newly inaugurated space endeavor, formally titled the Korea Space Launch Vehicle-III, is geared towards developing an advanced launch platform capable of transporting a lunar lander to the moon by 2032. 

Anticipated to possess a mission capacity approximately three times more potent than the domestically produced Nuri rocket, demonstrating South Korea’s satellite deployment capabilities with successful launches in 2022 and 2023. 

The Korea Space Launch Vehicle-III project aims to expand South Korea’s presence and capabilities in space exploration through a series of three launches culminating in the deployment of a lunar lander within the next decade. 

By integrating private enterprises into all facets of space exploration, South Korea is striving toward a truly private-driven space economy. With Hanwha Aerospace at the forefront, leveraging its expertise over 26 years since the inception of the Korean Sounding Rocket-III in 1999, the nation plans to elevate its technological capabilities in developing advanced launch vehicles and propulsion systems.

Hanwha aims to capitalize on the technology and expertise amassed through this project to lay the groundwork for a solid private-led space industry ecosystem and expand its footprint in the global launch service market.


Also Read: 

  • Tech Innovation Drive: South Korea to Invest $699 Million in National Intellectual Property Projects
  • SK Hynix To Launch of Next-Generation HBM3E DRAM Chips
  • South Korea Hosts Global Summit Addressing AI-Powered Disinformation Threats to Democracy
  • CJ Freshway and Hanwha Robotics Forge Alliance for Food Service Automation
  • Samsung’s AI-Powered TVs Take on LG’s OLED Dominance: Unveiling the 2024 Lineup
Tags: aerospaceHanwhaKorean aerospace industryspace industry

Related Posts

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
Hanwha Life, Naver Financial Partner to Accelerate Digital Finance Innovation
AI

Hanwha Life, Naver Financial Partner to Accelerate Digital Finance Innovation

September 29, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
Global API Standardization Gets a Push with SK Telecom–Aduna Partnership
AI

Global API Standardization Gets a Push with SK Telecom–Aduna Partnership

September 23, 2025
South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’
AI

South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’

September 18, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • South Korea Invests $1.1B to Build National AI GPU Infrastructure

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |