Korean Start-up Successfully Tests Space Rocket

      March 22, 2023 12:34

      Korean aerospace start-up Innospace has succeeded in test-launching a suborbital space rocket.
      Innospace said the Hanbit-TLV was successfully launched from Alcântara Space Center in Brazil at 2:52 p.m. on Sunday.
      The Hanbit-TLV has a hybrid engine that uses both liquid and solid fuel. Science and ICT Minister Lee Jong-ho in a congratulatory message pledged "accelerated support for the commercialization of civilian space launch services in the new space era." 
      The rocket's 15-ton-thrust engine ignited on the launch pad and landed within the target area off the coast of Brazil after 4 minutes and 33 seconds.
      Innospace's suborbital space rocket is being launched in Alcantara Space Center in Brazil on Sunday.
      Innospace CEO Kim Soo-jong said the engine's combustion time was shortened by 12 seconds to 106 seconds due to the "hot and humid climate of Brazil, but the engine operated normally." 
      The company plans to go public next year, having already drawn W55 billion in investment since its establishment in 2017 (US$1=W1,311).  
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