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South Korea to invest USD13.6 billion to bolster defence capabilities in space

by Gabriel Dominguez & Matteo Scarano

South Korea plans to invest KRW16 trillion (USD13.6 billion) over the next 10 years to accelerate the development of defence-related space technologies following the termination of range restrictions for the country's ballistic missiles under the US-South Korea missile guidelines agreement.

The Defense Acquisition Programme Administration (DAPA) in Seoul announced on 19 August that it had set up a task force in charge of drawing up a comprehensive roadmap for the programme, which is aimed at fostering the country's space defence industry in a number of areas, including systems, technologies, facilities, and infrastructure.

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Defence procurement Defence technology developments Korea, South New equipment and emerging technologies Spacecraft and satellites
https://www.janes.com/defence-news/news-detail/south-korea-to-invest-usd136-billion-to-bolster-defence-capabilities-in-space

South Korea plans to invest KRW16 trillion (USD13.6 billion) over the next 10 years to accelerate th...

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