In 2023, the development budget for the space industry in South Korea was approximately 874.2 billion South Korean won. This was a large increase from the previous year, with the budget showing continuous growth since 2019. With the successful launch of the Nuri rocket (also known as KSLV-II) in 2022, South Korea became the seventh country in the world that was able to put in orbit a satellite that weighs over one metric ton.
Space development budget of South Korea from 2013 to 2023
(in billion South Korean won)
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Ministry of Science and ICT (South Korea). (April 17, 2023). Space development budget of South Korea from 2013 to 2023 (in billion South Korean won) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1373955/south-korea-space-development-budget/
Ministry of Science and ICT (South Korea). "Space development budget of South Korea from 2013 to 2023 (in billion South Korean won)." Chart. April 17, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1373955/south-korea-space-development-budget/
Ministry of Science and ICT (South Korea). (2023). Space development budget of South Korea from 2013 to 2023 (in billion South Korean won). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1373955/south-korea-space-development-budget/
Ministry of Science and ICT (South Korea). "Space Development Budget of South Korea from 2013 to 2023 (in Billion South Korean Won)." Statista, Statista Inc., 17 Apr 2023, https://www.statista.com/statistics/1373955/south-korea-space-development-budget/
Ministry of Science and ICT (South Korea), Space development budget of South Korea from 2013 to 2023 (in billion South Korean won) Statista, https://www.statista.com/statistics/1373955/south-korea-space-development-budget/ (last visited December 22, 2024)
Space development budget of South Korea from 2013 to 2023 (in billion South Korean won) [Graph], Ministry of Science and ICT (South Korea), April 17, 2023. [Online]. Available: https://www.statista.com/statistics/1373955/south-korea-space-development-budget/