CHANGWON, South Gyeongsang - Hanwha Aerospace seeks to leverage its business capabilities, such as its space rocket engine production and satellite manufacturing, to participate in the development of the launch vehicle for Korea as it looks to land a space vehicle on the moon by 2032, the space unit of Hanwha Group said Tuesday.
Korea is solidifying its position as a major player in the global arms market as its exports are estimated to exceed the $10-billion mark for the second consecutive year, with the number of importers having tripled.
State-sponsored space rocket researchers, who tried to join Hanwha Aerospace, were referred to prosecutors last week for alleged industrial espionage, according to the government and sources familiar with this matter, Tuesday.
In a climate of increasing global uncertainties, the diplomatic relationship between Korea and Poland is flourishing, particularly in the realm of defense and arms cooperation.
Residents from Goheung County in South Jeolla Province held a rally in front of Hanwha Group s headquarters in Seoul, Tuesday, to condemn Hanwha Aerospace s latest decision to establish a rocket assembly facility in the county s neighboring city of Suncheon. The residents threatened to interfere with Hanwha Aerospace s launches of space vehicles at the Naro Space Center in Goheung, unless the company retracts its decision.