Government Space Budgets
South Korean Government Space Budget
2017 – South Korean Government Space Budget – Snapshot
The Korea Aerospace Research Institute (KARI) had a 2017 budget of 659.3 billion won (US$576.0 million), a decrease of 13% from its 2016 budget of 746.4 billion won (US$646.7 million).
2016 – South Korean Government Space Budget
The Korea Aerospace Research Institute (KARI) had a 2016 budget of 746.4 billion won (US$646.7 million), an increase of 20.6% from its 2015 budget of 618.7 billion . . .
2015 – South Korean Government Space Budget – Snapshot
The Korea Aerospace Research Institute (KARI) had a 2015 budget of 618.7 billion won (US$553.2 million), an increase of 21.4% from its budget in FY 2014 of 509.6 billion won (US$503.7 million).
Economy: Space Economy – TSR 2015
2014 – South Korean Government Space Budget
South Korea’s civil space program is overseen by the Ministry of Science, ICT, and Future Planning (MSIP). The Ministry also drafts, authorizes, and coordinates national space policy and has regulatory authority over space object registration, launch authorization, and launch insurance requirements. South Korea’s 2014 budget was ₩## billion (US$## million), which was ##% of South Korea’s 2014 national budget of ₩## trillion (US$## billion). The largest portion of the total space budget was allocated to the Korea Aerospace Research Institute (KARI), which received approximately ₩## billion (US$## million).
Economy: Space Economy – TSR 2014
2013 – South Korean Government Space Budget
In calendar year 2013, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% increase from implemented 2012 spending of ## billion won (US$## million). South Korea’s 2012 civil space spending constituted approximately ##% of the country’s ## trillion won (US$## billion) national budget. Civil space activities in South Korea are carried out primarily by the Korea Aerospace Research Institute (KARI).
Economy: Space Economy – TSR 2013
2012 – South Korean Government Space Budget
In calendar year 2012, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% decrease from the 2011 budget of ## billion won (US$## million). South Korea’s 2012 civil space spending constituted approximately ##% of the country’s ## trillion won (US$## billion) national budget. South Korean civil space activities are carried out primarily by the Korea Aerospace Research Institute (KARI).