How much budget is KASA seeking for 2027 and what is the increase from this year?

KASA is seeking 1.65 trillion won for 2027, which is a 47.2 percent increase from this year. The agency said it would be its highest budget since KASA was established in 2024.

What will KASA spend on Nuri rocket launches and lunar exploration in 2027?

KASA plans to allocate 562.9 billion won for rockets, including funding for regular launches of the homegrown Nuri rocket. It also seeks 279.4 billion won for lunar exploration, with money for a lunar orbit communication network and small lunar landers.

What other space sectors is KASA prioritizing in its 2027 budget proposal?

KASA said it will increase the budget for satellites by 12.1 percent and for future aviation technology by 7 percent. The agency said the spending is part of efforts to develop aerospace as a strategic industry.

KASA seeks record budget for 2027 to nurture space as strategic industry

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Summary

Korea AeroSpace Administration will seek a 1.65 trillion-won budget for 2027, a 47.2 percent increase from this year and its largest since its 2024 launch. The proposal emphasizes regular Nuri rocket launches, lunar exploration, satellites and future aviation technology. KASA said the plan is meant to nurture aerospace as a strategic industry.

Key Facts

KASA plans to submit the 2027 budget proposal to the National Assembly.
Of the total, 562.9 billion won is set aside for rockets, including support for regular launches of Nuri.
KASA seeks 279.4 billion won for lunar exploration, nearly triple the amount allocated in 2026.

By Yonhap

Published Sep 1, 2026 3:03 pm KST

The Nuri space rocket takes off from Naro Space Center in Goheung, South Jeolla Province, Nov. 27. Yonhap

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 one of the country's strategic industries.

The 2027 budget proposal to be submitted to the National Assembly is a 47.2 percent increase from the budget this year, the highest since the agency was established in 2024, according to the Korea AeroSpace Administration (KASA).

Of the total, 562.9 billion won will be allocated to projectiles, including funding to support regular launches of the homegrown rocket Nuri. The amount is more than double the budget allocated this year, the agency said.

The Nuri rocket is scheduled for its fifth launch on Oct. 7, for a mission to put 15 satellites into orbit.

In the area of lunar exploration, KASA seeks a total of 279.4 billion won, nearly triple the amount allocated in 2026.

The money will be used to develop a lunar orbit communication network and other moon exploration equipment, such as small lunar landers, KASA said. Korea is targeting an uncrewed lunar landing by the year 2030.

Additionally, the agency seeks to increase the budget for satellites by 12.1 percent, as well as those for future aviation technology by 7 percent.

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