KASA seeks record budget for 2027 to nurture space as strategic industry
SEOUL, Sept. 1 (Yonhap) -- South Korea's space agency said Tuesday it will seek ...
South Korea's space agency, the Korea AeroSpace Administration (KASA), will seek a record budget of 1.65 trillion won, or approximately $1.2 billion, for 2027. The proposal, to be submitted to the National Assembly, represents a 47.2 percent increase from this year's budget, marking the highest allocation since KASA's establishment in 2024.
A substantial portion of the budget, 562.9 billion won, will be dedicated to the development and launch of the Nuri rocket. This represents a nearly doubling of the funding compared to the current year. The Nuri is set to make its fifth launch on October 7, carrying 15 satellites into orbit.
KASA's budget for lunar exploration is earmarked for a significant 279.4 billion won, nearly tripling the amount allocated in 2026. This funding will be utilized to develop a lunar orbit communication network and other equipment for moon exploration, such as small lunar landers. South Korea aims to achieve an uncrewed lunar landing by 2030.
The agency also plans to increase its budget for satellites by 12.1 percent, alongside a 7 percent boost for investments in future aviation technology.
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