South Korea announced its own missile production after breaking the contract with Russia

South Korea has terminated a contract with Russia to launch the Arirang-6 satellite.Because of the Western sanctions that were

superimposed on the Russian Federation, Korea has decided to develop its own launch vehicle program.

What is known

Vice Minister for Science of South Korea Oh Tae-Sog (OhTae-Seog) once again recalled that the attempt to launch Arirang-6, jointly with Roscosmos, failed. At the same time, Seoul does not plan to leave the space launch market.

The cost of the contract with Russia amounted to almost $60million. South Korea paid just over a third of that amount ($22 million). The Arirang-6 satellite will be launched jointly with the European Space Agency (ESA).

In the coming decades, South Korea intends toto land spacecraft on the Moon (by 2032) and Mars (by 2045). The country's share of the space market should increase from 1% now to 10% in 2045.