South Korea


2015 – Government Space Budgets – Snapshot

Total global government space budgets in 2015 were $76.516 billion, a 4.8% decrease from $80.415 billion in 2014. More than half of this spending was in the United States, which budgeted $44.567 billion for government space activities in 2015. Government budget levels reflect the most recent budgetary information available for each country, taking into account the fact…

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Economy: Space Economy – TSR 2015

Economy: Space Economy - TSR 2015 an annual review of the commercial space infrastructure and support industries and space-based products and services used on Earth. This edition also delves into…

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2014 – South Korean Government Space Budget

South Korea’s civil space program is overseen by the Ministry of Science, ICT, and Future Planning (MSIP). The Ministry also drafts, authorizes, and coordinates national space policy and has regulatory authority over space object registration, launch authorization, and launch insurance requirements. South Korea’s 2014 budget was ₩## billion (US$## million), which was ##% of South Korea’s 2014 national budget of ₩## trillion (US$## billion). The largest portion of the total space budget was allocated to the Korea Aerospace Research Institute (KARI), which received approximately ₩## billion (US$## million).

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2014 – Government Space Budgets Overview

On a global level, government investment in space increased #% to $## billion. Because not all governments operate under the same fiscal cycle, space spending numbers were derived from the most recent budgetary information available for each country. As in previous years, the growth was not uniform, with some countries reducing the funding available for space activity, as shown below. The figures reported in the following country profiles are presented in both the local currency and U.S. dollars as of June 30 of the appropriate year.

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2014 – Top-level Trends

In education, the most recent National Assessment of Educational Progress exams show that U.S. fourth- and eighth-grade students are showing improvement in mathematics, though less than half achieve at or above the level deemed proficient. According to the most recent international examinations, the United States remains in the middle of the pack among major space nations with regard to mathematics performance, with Japan and South Korea leading

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