Hanwha Aerospace gets tech transfer for South Korea’s Nuri rocket

Hanwha Aerospace has signed a technology transfer agreement with the stated-funded Korea Aerospace Research Institute (KARI) for the KSLV-II (Korea Space Launcher Vehicle-II) also called Nuri, Korea’s first indigenously developed space launcher. This tech transfer underscores Hanwha’s commitment to cultivating the space industry as a primary future growth engine, complementing its established leadership in the defence sector. 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. The KSLV-II is a monumental achievement for South Korea. Developed over 14 years from 2010 to 2023, the project was a national effort led by KARI with the participation of over 300 private enterprises. Its successful launch made South Korea the seventh country in the world with the capability to launch a satellite using its own indigenous technology. Under the agreement, Hanwha Aerospace will collaborate closely with KARI on upcoming KSLV-II’s launches, ensuring a seamless and comprehensive transfer of operational know-how and accumulated experience. 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. “This technology transfer is a critical milestone for improving the nation’s space industry capabilities. It provides us with the foundation to enhance the KSLV-II’s technological capabilities and cost-effectiveness,” said Son Jae-il, President and CEO of Hanwha Aerospace. “Our goal is to build a robust and globally competitive commercial launch service, solidifying our position as a leader in the new space era.” For Editorial Inquiries Contact: Editor Kym Bergmann at [email protected] For Advertising Inquiries Contact: Group Sales Director Simon Hadfield at [email protected]