Korea approves $131M Goheung space launch vehicle industrial complex

South Korea's Ministry of Land, Infrastructure and Transport approved a 1.52 million sq m national industrial complex for launch vehicles in Goheung at a cost of 172.9 billion won (~$131 million). Compensation starts in 2027 with completion targeted for 2032; Hanwha Aerospace and Innospace are among the anchor tenants.

• Complex covers 1,519,660 sq m with 172.9 billion won in investment
• Compensation begins in 2027, development to finish by 2032
• Occupancy deals signed with 11 firms including Hanwha Aerospace and Innospace
• Projected to generate 295.8 billion won in output and 1,673 jobs