Background
South Korea first gained experience with missiles provided by the United States to counter North Korea.
KARI began in 1990 to develop its own rockets. It produced the KSR-I and KSR-II, one and two-stage rockets in the early 1990s.
In December 1997 it began development of a LOX/kerosene rocket engine. KARI wished to develop satellite launch capability. A test launch of the KSR-III took place in 2002.
KARI had a 2003 budget of 156.4 billion won ($150 million USD).
Read more about this topic: Korea Aerospace Research Institute
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