South Korea will significantly expand tax breaks for aerospace-related research and development (R&D) to bolster the country’s competitiveness in this cutting edge sector, the government said Sunday.
The Ministry of Education, Science and Technology said the …

South Korea and Russia will meet for a formal review to determine why a jointly developed space rocket failed to place a satellite into orbit, officials in Seoul said Monday.
The failure review meeting (FRB), to …

Europe is seeking closer cooperation with South Korea in the fields of space exploration and earth observation, the head of the European Space Agency (ESA) said Tuesday.
In a news conference at the 60th International Astronautical …

South Korea must exploit its competitiveness in the information technology (IT) sector to create a niche for its space development program, the head of a global astronautical body said Monday.
International Astronautical Federation (IAF) President Berndt …

President Lee Myung-bak called on the international community Monday to collaborate on space programs, saying the development of space and related technologies are linked to the survival of mankind.
“Space technology is already being applied in …

An annual international space congress kicked off in South Korea on Monday, aiming to promote sustainable growth and peaceful use of space, organizers said.
The five-day International Astronautical Congress (IAC) opened in Daejeon 164km south of …

South Korea aims to bridge the gap in rocket and satellite technology with leading countries in the field of space exploration over the next decade by ramping up research and development and expanding cooperation with …

South Korea is set to host the 60th International Astronautical Congress (IAC), local organizers for the event said Monday, adding the gathering will help the country join the ranks of the world’s aerospace leaders.
The IAC …

South Korea will set up a special task force this week to determine why its first space rocket failed to place a satellite into orbit, the government said Sunday.
The Ministry of Education, Science and Technology …

South Korea will spend 24 billion won (US$19.2 million) over the next three years to fuel research and development of space exploration technologies, the government said Monday in an announcement that followed a failed rocket …