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KASA Seeks Record Budget for 2027 to Nurture Space as Strategic Industry

KASA plans 562.9 billion won for Nuri launches and 279.4 billion won for lunar work as it seeks to expand aerospace industry funding.

Summary by The Korea Times
Korea's space agency said Tuesday it will seek a 1.65 trillion-won ($1.2 billion) budget next year, as part of its effort to nurture aerospace as o...

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The National Aeronautics and Space Administration (NASA) has drawn up a government budget proposal of 1.6491 trillion won for 2027, an increase of 529 billion won from this year. This represents an increase of approximately 47% compared to this year's budget of 1.1201 trillion won. On the 1st, NASA announced that next year's budget will focus on five sectors: launch vehicles, lunar exploration, advanced satellites, future aviation, and the priva…

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(Seoul = Yonhap News) Reporter Cho Seung-han = The Korea Aerospace Agency announced on the 1st that it has allocated a budget of 1.6491 trillion won for next year, an increase of 529 billion won (47.2%) compared to this year...

·Seoul, Korea (the Republic of)
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[Digital Daily, Reporter Jeong Hye-seung] The Japan Aerospace Agency has prepared a 2027 budget of 1.649.1 trillion won. This is an increase of 52.9 billion won (47.2%) from this year (1.121 trillion won). The focus was on fostering aerospace as a major industry beyond research and development. The Japan Aerospace Agency announced on the 1st that as the global aerospace market is rapidly being reorganized around the private sector, the governmen…

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The Aerospace Agency announced on the 1st that the government budget proposal for 2027 has been set at 1.6491 trillion won, an increase of approximately 47% compared to this year (1.1201 trillion won).

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asiae.co.kr broke the news on Tuesday, September 1, 2026.
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