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The present current and future position of the Korean space industry

Author KIET Date 2004.02.09 Issue No
e-Kiet Industrial and Economic Information No. 185

○ In October, China surprised the world with a its successful launch of a the manned
spaceship “Shinju Five” in October. The major space industry powerhouses, including the
United States, that were shocked by the growth of China, including the United States, which
were shocked by the growth of China,entered into newscrambled to reinforce their
competitivenesson to maintain the edge in the space developmentindustry in order to
maintain their edge and, announced new long-term range strategies plans for space
development or revised their existing space development plans.
○ The key wordselements on the national dimension for the success of in space
development on a national level are large- scale findings, an initial period of development
period, holding of withholding new cutting-edge technology from outside interests power,
government’s promotion will and the favorable public consentsupport of the public.
○ Korea has opened aentered into its full-fledged space age in 1992 with an entering into
space orbit of anthe launching of a small experimental small satellite called “Our Star 1” in
1992. As of 2004, Korea holds has launched a total of 9 satellites: 4 science satellites, 3
broadcasting & telecommunications satellites and 2 multipurpose practical s