SEOUL: South Korea's industry ministry has embarked on a significant project to develop indigenous space rovers, as global competition for lunar exploration intensifies. The initiative represents a strategic move by the nation to enhance its capabilities in space technology and exploration.According to Yonhap News Agency, the South Korean government has finalized an agreement with 13 institutions and companies, including Hyundai Motor Co., to focus on developing approximately 10 essential rover components. The project is backed by a budget of 23 billion won (US$16.6 million) allocated by the Ministry of Trade, Industry and Energy. The goal is to produce motors, robotic arms, and other critical parts that can function effectively under extreme conditions such as low temperatures and high radiation."South Korea has great potential in the space industry, based on its industrial competitiveness in future cars, robotics and ICT industries," stated Industry Policy Deputy Minister Lee Seung-ryeol. Furthermore, L ee emphasized the ministry's commitment to advancing homegrown technologies for vital materials, parts, and equipment across sectors including space, aviation, and defense.
- October 12, 2026
