What Happened
South Korean Aerospace Giant Expands Space Business Capabilities
Hanwha Aerospace has completed construction of a new rocket production facility in Suncheon, marking a major step in its push to expand its space business. The facility will handle the assembly and testing of rocket engines and other key components, including those for South Korea’s homegrown Nuri space launch vehicle. With plans to introduce its own launch vehicle to the global market in 2029 and begin offering commercial services in 2033, Hanwha Aerospace is investing approximately 23 trillion won in its space business. This development was first reported by Aju Press.