Space Industry

Korean Air and Hyundai Rotem announced Wednesday a joint effort to develop a reusable 35-ton-class methane rocket engine by October 2030 under a government-backed 49 billion-won program. Overseen by the Korea Research Institute for Defense Technology Planning and Advancement, the project aims to bolster Korea's space industry ecosystem. Hyundai Rotem will lead engine planning and combustor manufacturing, while Korean Air handles turbopump development.