South Korea is in final negotiations to cancel two Russian launch contracts
As has been expected since the beginning of Russia’s invasion of the Ukraine, South Korea is in the process of canceling two Russian launch contracts, with the negotiations apparently now in the final stages.
“The Korea Multipurpose Satellite 6 and the next-generation mid-size satellite Compact Advanced Satellite 500-2, both developed by Korea, were initially scheduled to be launched into space using Russian launch vehicles, but due to the war between Russia and Ukraine and the subsequent international sanctions against Russia, there were uncontrollable circumstances that prevented the use of Russian launch vehicles,” the Ministry of Science and ICT said in a statement.
“Since then, Korea has been negotiating with Russia on the terms of termination of the satellite launch contract and it is currently being finalized.”
South Korea has already found a different rocket for the first satellite, scheduled for launch on Arianespace’s Vega-C rocket when it resumes flights in April 2024 (after completing upgrades resulting from a December 2022 launch failure). As for the second satellite, no public decision has yet been announced, though contract bidding has been on-going.
Meanwhile South Korea is accelerating development of its own Nuri rocket, which it has successfully launched two times already.
Russia in turn no longer has any international customers for its rockets. Its invasion of the Ukraine has cost it hundreds of millions of dollars of lost business, all of which will likely not return for decades.
As has been expected since the beginning of Russia’s invasion of the Ukraine, South Korea is in the process of canceling two Russian launch contracts, with the negotiations apparently now in the final stages.
“The Korea Multipurpose Satellite 6 and the next-generation mid-size satellite Compact Advanced Satellite 500-2, both developed by Korea, were initially scheduled to be launched into space using Russian launch vehicles, but due to the war between Russia and Ukraine and the subsequent international sanctions against Russia, there were uncontrollable circumstances that prevented the use of Russian launch vehicles,” the Ministry of Science and ICT said in a statement.
“Since then, Korea has been negotiating with Russia on the terms of termination of the satellite launch contract and it is currently being finalized.”
South Korea has already found a different rocket for the first satellite, scheduled for launch on Arianespace’s Vega-C rocket when it resumes flights in April 2024 (after completing upgrades resulting from a December 2022 launch failure). As for the second satellite, no public decision has yet been announced, though contract bidding has been on-going.
Meanwhile South Korea is accelerating development of its own Nuri rocket, which it has successfully launched two times already.
Russia in turn no longer has any international customers for its rockets. Its invasion of the Ukraine has cost it hundreds of millions of dollars of lost business, all of which will likely not return for decades.