In Korea, it was decided to make a space launch vehicle like SpaceX. Such a challenge reminds me of the Korean version of SpaceX. Recently, the spacecraft of SpaceX exploded for the fourth time, attracting attention to Korean space launch vehicles as well.
Korean version of SpaceX
The Korean launch vehicle, the Korean version of Space X, is named ‘Nuriho’. Based on the securing of its own space launch vehicle scheduled for launch in October this year, it has revealed its will to leap to the seventh largest space powerhouse following the United States, Russia, the European Union, China, Japan, and India. He said that he would not spare any support, elevating the chairmanship of the National Space Commission, currently in charge of the Minister of Science and ICT, to Prime Minister.
First K-satellite launch
On the 23rd a while ago, the next-generation medium-sized satellite 1 developed in Korea successfully completed the launch. Of course, there is still a lot of lack of technical aspects to follow Space X. However, with a positive view of these challenges, Hong Kong Shanghai Bank, Santander Bank, and Asia Infrastructure Bank are eager to invest.
The project owner, PSN Consortium, creates a communication satellite. Thales Alenia Space, a French-Italian joint venture, produces the satellite, and SpaceX, led by Elon Musk, famous for Tesla, an electric vehicle in the United States, is responsible for the launch. It is expected to be launched by 2023 and operated for 15 years. The total investment cost is 545 million dollars (62 billion won).
The 3rd Basic Plan for Space Development Promotion, announced in 2018, includes a total of 100 civilian satellite launch plans by 2040. However, there are no plans to use Korean launch vehicles, except for small satellites that are not subject to US export control among various satellite launches.
An artificial satellite model, which is scheduled to be launched for the first time in October, will be installed on the second launch in May next year. The lunar orbiter, scheduled for launch in 2022, will be transported by US SpaceX.
On the other hand, it is reported that Jeong-ju Kim, the founder of Nexon, a famous Korean game company, has also invested 16 million dollars in SPACEX. Nexon said that it participated in an investment fund managed by an asset manager and was allocated the amount through a general public offering procedure.