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2009 - South Korean Government Space Budget

In 2009, South Korea spent an estimated ## billion won (US$## million) on civil space, a ##% decrease from the 2008 budget of ## billion won (US$## million). While South Korea’s space budget decreased between 2008 and 2009 in the national currency, changes in the dollar to won exchange rate during that time resulted in a slight increase in the U.S. dollar equivalent value for the 2009 budget as compared to 2008. South Korea’s 2009 civil space spending constitutes approximately ##% of the country’s ## trillion won (US$## billion) national budget. Civil space activities in South Korea are carried out by the Korea Aerospace Research Institute (KARI) and the Korea Advanced Institute of Science and Technology (KAIST).


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