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 won (US$553.2 million). Throughout the year, the government continued development of a Korean-made launch vehicle and improvement in the...

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