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S. Korea to inject 604.2 bln won into space technology in 2018.

According to Yonhap News,

(SEOUL=Yonhap News) South Korea's government will inject 604.2 billion (US$566 million) to develop technology for space exploration in 2018, down 9.3 percent from a year earlier, the government said Wednesday.

The Ministry of Science and ICT announced this year's budget after adjusting its long-term roadmap, including plans to send an unmanned spaceship to the moon.

Under the new plan, the government will postpone the production of a nuclear-powered battery cell necessary for the lunar project from 2020 to 2022.

"The reason for the decreased budget is that this year's budget for the lunar project was not reflected due to the postponement," a ministry official said.

Of the total, 315.2 billion won has been allocated for the development of a new multipurpose satellite built entirely with local technology, with another 200.24 billion won for developing a homegrown rocket.

The government will also spend 56.4 billion won this year for various lunar exploration projects.

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Source Text

Source: Yonhap News (Mar. 28, 2018)

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