Hanwha Aerospace gets tech transfer for South Korea’s Nuri rocket
“This landmark deal marks the first time that the complete lifecycle technology for the KSLV-II – encompassing design, manufacturing, and launch operations – has been transferred to the private sector in South Korea. The agreement formally positions Hanwha Aerospace at the forefront of the nation’s growing space industry.”
“This acquisition is a cornerstone of Hanwha’s strategy to build a comprehensive space industry value chain. Leveraging synergies with its affiliates, including Hanwha Systems and Satrec Initiative, the company aims to connect space transportation, satellite manufacturing, and satellite services, creating a robust, private sector-led space ecosystem.”