Position paper

Topic: Privatization of Space Exploration

Committee: United Nations of the outer space agency
Country: South Korea

South Korea’s aerospace enterprise has appreciably progressed over the last few years. This upswing
persevered in October 2021, whilst the united states of America released its first indigenous Nuri rocket.
The Korean Aerospace Studies Institute (KARI) changed into founded in 1989 and aimed to improve the
lives of the people of South Korea thru exploration, technological development, and the sharing of
discoveries and data in space science and generation. in addition to deploying several climate and
communications satellites, KARI is presently making plans for the Pathfinder Lunar Rover and a unique
navigation gadget within the fashion of GPS.

“Space development can reshape an international economic order.” a South Korean reliable said, as Seoul
works to increase its prowess amongst a small group of nations capable of developing and launching their
own area motors.

South Korea is increasing its space spending by 19% this year in comparison to 2021 to get over a failed
try in October to set up a satellite without Russian rocket technology. The $619 million South Korea will
spend money on national area programs in 2022 is 15% more than the amount the government in the
beginning proposed.

The double-digit distinction between the final finances and the quantity first asked is rare and indicates
the boom opportunities the South Korean government sees for the home space enterprise, in step with An
Hyoung-Joon, research fellow at the technological know-how and technology policy Institute, a central
authority-funded suppose tank based totally in Sejong.

South Korea's Ministry of science and statistics and Communications generation introduced the country's
2022 area budget in overdue February, calling it "the primary time in the records of the united states'
space development that initiatives inside the fields of the rocket, satellite tv for pc, and space research are
covered simultaneously in an annual task listing"