On July 25, Hanwha Aerospace announced the signing of a groundbreaking technology transfer agreement with the state-funded Korea Aerospace Research Institute (KARI) regarding the KSLV-II, also known as Nuri, South Korea's first domestically developed space launcher. This marks a pivotal moment as it is the first time the full lifecycle technology of a launch vehicle is being handed over to the private sector in South Korea.
Through this agreement, Hanwha Aerospace is positioned to lead the nation's advancing space industry, having secured exclusive rights to manufacture and launch the KSLV-II until 2032. The transfer includes comprehensive access to technologies covering design, manufacturing, and launch operations, underscoring Hanwha's intention to make space exploration a significant future growth driver alongside its established defense sector.
The creation of the KSLV-II over a 14-year span from 2010 to 2023 involved more than 300 private enterprises in a national effort led by KARI. Its successful deployment has elevated South Korea to the ranks of the only seven countries worldwide with proprietary satellite launch capabilities.
The agreement entails Hanwha Aerospace collaborating closely with KARI on upcoming launches of the KSLV-II, ensuring a thorough transfer of operational expertise and accumulated experience.
This acquisition is strategically essential for Hanwha's vision to construct an extensive space industry value chain. In collaboration with affiliates like Hanwha Systems and Satrec Initiative, the company plans to integrate space transportation, satellite manufacturing, and satellite services, forming a thriving, private-sector-driven space ecosystem.
"This technology transfer is a critical milestone for improving the nation’s space industry capabilities. It provides us with the foundation to enhance the KSLV-II’s technological capabilities and cost-effectiveness," said Son Jae-il, President and CEO of Hanwha Aerospace. "Our goal is to build a robust and globally competitive commercial launch service, solidifying our position as a leader in the new space era."
