March 3, 2024

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Latest March 3, 2024

Korea’s Next-Generation Space Launch Vehicle Project Faces Solo Bid Scenario

Key Points: Korea's KSLV-III project aims to develop a next-generation space launch vehicle capable of lunar exploration by 2032. The bidding process initially involved Hanwha Aerospace and KAI, with KAI withdrawing from contention. Hanwha Aerospace is expected to be the sole bidder, prompting the government to consider a sole-source contract. Concerns persist regarding private sector...