• 2025.09.09 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

South Jeolla Province to Build Major Space Launch Complex

Global Economic Times Reporter / Updated : 2025-01-26 10:20:46
  • -
  • +
  • Print

Goheung, South Korea – South Jeolla Province announced on January 25 that it will begin construction of a major space launch vehicle industrial cluster centered around the Naro Space Center in Goheung.

This ambitious project is part of the South Korean government’s broader plan to foster a private-led space industry. In December 2022, the government designated Goheung as a specialized launch vehicle zone, alongside Gyeongnam (satellite specialization) and Daejeon (research and talent development), forming a triangular network to drive the growth of the domestic space sector.

The province has outlined a comprehensive plan to develop the cluster, encompassing eight key areas and 24 core tasks. This includes the construction of a private launch site and a national industrial complex for space launch vehicles. The entire project is expected to cost 1.6 trillion won and will be completed by 2031.

A 1.753 million square meter national industrial complex for space launch vehicles will be built in Yenae-ri, Bonghwa-myeon, Goheung, with a total investment of 380 billion won. Since its designation as a new national industrial complex candidate in March 2023, the provincial government has secured investment agreements from 11 companies, including Hanwha Aerospace, as well as letters of intent from 38 other companies.

To support the growth of the private space sector, the government has exempted the national industrial complex project from preliminary feasibility studies, ensuring that the project moves forward smoothly. Additionally, the construction of a private launch site and other key infrastructure projects has also been exempted from these studies.

With a budget of 148 billion won, construction of a private launch site, assembly building, and a space launch vehicle technology commercialization center began late last year. The commercialization center will play a pivotal role in fostering the space launch industry ecosystem by supporting the development and commercialization of core launch vehicle components, providing testing and certification services, and addressing the challenges faced by companies in the sector.

The provincial government plans to begin construction of a dedicated launch facility for defense satellites this year. It will also establish engine combustion test facilities, which are essential for developing core engine technologies for launch vehicles and are in high demand among private companies.

Upon completion, the space launch cluster is expected to generate 2.666 trillion won in production, 1.138 trillion won in value-added, and create 27,850 jobs.

“By concentrating innovative infrastructure for space development, research, industry, academia, and government around the Naro Space Center, we will quickly establish a foundation that allows private launch vehicle companies to freely launch their vehicles,” said Soyoung-ho, director of the Strategic Industry Division at South Jeolla Province.

[Copyright (c) Global Economic Times. All Rights Reserved.]

Global Economic Times Reporter
Global Economic Times Reporter
Reporter Page

Popular articles

  • To become a powerhouse in AI, we need to shift our focus to science.

  • From the Streets to the Finish Line: A Drunken Detour Becomes a Life-Altering Journey

  • Brazil Weighs Legal Action as U.S. Tariffs Escalate Trade Tensions

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065575915330501 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Popular 'Travel YouTuber' KwakTube Announces Marriage: "I'm a Dad Now"
  • Donald Trump: "I'll Grant Visas to Experts to Teach Americans" while Upholding ICE Raids
  • Incheon Airport and Shilla Duty Free Clash Over Rent: Court Mandates 25% Cut, Airport to Object
  • Pastor Jeon Gwang-hoon Fined for Illegal Fundraising at Rallies
  • Carlos Alcaraz Triumphs at the US Open, Crowned 'Emperor' After Dominant Performance
  • The Guarania, a traditional Paraguayan music style, in guitars

Most Viewed

1
Sexual Misconduct Controversy in the Cho Kuk Innovation Party: The Repeated Lack of Self-Purification in the Political Sphere
2
Mitsubishi Pulls Out of Japanese Offshore Wind Projects Amid Soaring Costs
3
Brazil Weighs Legal Action as U.S. Tariffs Escalate Trade Tensions
4
Jung Hoo Lee's Heroics Propel Giants to Walk-Off Victory
5
US Ends 'De Minimis' Exemption Permanently, No Exceptions for Any Country
광고문의
임시1
임시3
임시2

Hot Issue

Carlos Alcaraz Triumphs at the US Open, Crowned 'Emperor' After Dominant Performance

The Peace Corps, Paraguay's Companion

EU and Mercosur Target FTA Signing This Year, Creating a Unified Market of 700 Million

Chinese Manufacturers Capture Over Half of Japan's TV Market for the First Time..."Standing Out with Price Competitiveness"

China’s online public opinion manipulation goes beyond Korea

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • 우리방송
  • APEC2025가이드북TV
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE