ENP Newswire -
Release date- 27012014 - As a part of such efforts, KAI held an agreement ceremony for the 'Korea Space Launch Vehicle's Total System Assembly Project' with
In the ceremony, KAI's president and CEO,
'Taking into consideration the industrialization of the
A company for the vehicle's total system assembly is in charge of the complete assembling of the constituents of the vehicle, including the structure, electronics, control and engines and manufacturing the final vehicle product.
Thus, KAI plans to conduct a job such as design for a total assembling factory, research and design of the measures for vehicle transfer, and the total assembly's jig and fixture design until
Through the project, KAI will be transferred the core technologies of the space launch vehicle to prepare for its commercialization and grow to be a space launch vehicle service provider in the years to come, setting up a long-term vision for making inroads into a global market.
The current Korean government, which drives the
To that end, the government established an 'Early One-year Development Plan' for launching the Korea Space Launch Vehicle which is originally scheduled for the year of 2021, in 2020, one year earlier than expected and finally fixed the plan as its national one after going through review of experts from all walks of life as well as deliberation and vote (
Also, KAI is manufacturing 10-plus kinds of its propulsion system for testing the engine and more of the developed vehicle and among them, the test equipment of the engine constituents, including the combustors and turbo pumps will be all completely finished within this year.
KAI is going to manufacture all test equipment until next year and completely solve difficulties caused by a lack of the local launch vehicle test equipment, thereby making every efforts to develop a space launch vehicle in earnest.
For the successful promotion of the
In June last year, KAI built a joint design center for early transfer of its launch vehicle technologies to KARI and making an aggressive use of the manpower of industries. Also, KAI conducted regularly meetings with the project-participating companies to seek its improvements.
Last year, KAI secured a planned budget of
The mid-& long-term space development plan, a space technology industrialization strategy and an early development plan of the
Via the choice of KAI as the space launch vehicle's total system assembly firm, the ministry will further reinforce the capabilities of industries in the launch vehicle field and transfer the core technologies of the vehicle to industries at an early date, spurring the formation of
From a long-term perspective, the Korean government plans to continuously seek an activation of its creative economy via the 'incubation of the space launch vehicle-specific companies' which are able to penetrate into the world market and 'the spin-off to other industries of the technology' secured from the development of the launch vehicle.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Quiznos Files for Chapter 11
- U.S. to Relinquish Gov't Control Over Internet
- FDIC Sues Big Banks Over Rate Manipulation
- Keurig Adds Peet's coffee, Alters Starbucks deal
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder