South Korea
2018 – Economy: Space Economy


The global space industry grew 7.4% in 2017, reaching a total of $383.5 billion. This continues a broad upward trend that spans more than a decade. Traditional sectors for space commerce have continued to grow and are . . .
2017 – Government Space Budgets
Global government spending increased in 2017, totaling $76.2 billion, up from $72.7 billion in 2016. Government spending accounted for 19.9% of the global space economy . . .
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).
2017 – Government Space Budgets – Snapshot
The space investments of governments continue to shift on the basis of national priorities and politics…
2017 – Economy: Space Economy


The global space industry continued to grow in 2016, reaching a total of $329.3 billion. This was slightly higher than the previous record of . . .
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 . . .
2016 – Government Space Budgets – Snapshot
Total global government space budgets in 2016 were $## billion, a ##% decrease from $## billion in 2015.
2016 – Economy: Space Economy


The global space industry continued to grow in 2015, although currency fluctuations caused the appearance of a slight decline . . .
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).
2015 – Government Space Budgets – Snapshot
Total global government space budgets in 2015 were $76.516 billion, a 4.8% decrease from $80.415 billion in 2014. More than half of this spending was in the United States, which budgeted $44.567 billion for government space activities in 2015. Government budget levels reflect the most recent budgetary information available for each country, taking into account the fact…