ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Aerospace & Defense

South Korean jet maker KAI takes $2bn leap into space race

Satellite launch business projected to help drive tripling of revenue by 2030

About 300 South Korean companies participated in the development of the Nuri satellite launch vehicle. (Photo courtesy of Korea Aerospace Research Institute)

SEOUL -- Korea Aerospace Industries, the South Korean defense contractor and the country's sole aircraft manufacturer, will spend 2.2 trillion won ($1.87 billion) in the space industry over five years to capture burgeoning demand abroad.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more