Government Space Budgets

South Korean Government Space Budget

2011 – South Korean Government Space Budget – Snapshot

In calendar year 2011, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% decrease from the 2010 budget of ## billion won (US$## million). South Korea’s 2011 civil space spending constituted approximately ##% of the country’s ## trillion won (US$## billion) national budget. Civil space activities in South Korea are carried out primarily by the Korea Aerospace Research Institute (KARI).

2010 – South Korean Government Space Budget – Snapshot

In calendar year 2010, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% decrease from the 2009 budget of ## billion won ($##million). South Korea’s 2010 planned civil space spending constitutes approximately ##% of the country’s ## trillion won (US$## billion) national budget. Civil space activities in South Korea are carried out by the Korea Aerospace Research Institute (KARI) and the Korea Advanced Institute of Science and Technology (KAIST). During 2010, South Korean space activities included the launch of the Communication, Ocean and Meteorological Satellite (COMS-1) and a second attempted flight of the Korea Space Launch Vehicle-1 (KSLV-1), South Korea’s space launch vehicle.

2009 – South Korean Government Space Budget – Snapshot

In 2009, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% decrease from the 2008 budget of ## billion won (US$## million). While South Korea’s space budget decreased between 2008 and 2009 in the national currency, changes in the dollar to won exchange rate during that time resulted in a slight increase in the U.S. dollar equivalent value for the 2009 budget as compared to 2008. South Korea’s 2009 civil space spending constitutes approximately ##% of the country’s ## trillion won (US$## billion) national budget. Civil space activities in South Korea are carried out by the Korea Aerospace Research Institute (KARI) and the Korea Advanced Institute of Science and Technology (KAIST).

2008 – South Korean Government Space Budget – Snapshot

In 2008, South Korea spent an estimated ## billion won (US$## million) on civil space, approximately ##% of its national budget. In addition to scientific and remote sensing satellites, the Korea Aerospace Research Institute and the Korean Advanced Institute of Science and Technology are funding the US$## million development of the country’s first orbital launch facility, the Naro Space Center, as well as the Korea Satellite Launch Vehicle.