Hanwha Aerospace has signed a technology transfer agreement with Korea Aerospace Research Institute (KARI) for the Nuri KSLV-II rocket.
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Press Release, Seoul, 25 July 2025: Hanwha Aerospace has signed a landmark 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 life-cycle technology for a launch vehicle has been transferred to the private sector in South Korea, formally positioning Hanwha Aerospace at the forefront of the nation’s growing space industry. Through this contract, Hanwha Aerospace has secured the exclusive rights to manufacture and launch the KSLV-II directly until 2032, gaining access to the full scope of technology including design, manufacturing and launch operations.
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.”
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