SEOUL, 6th November, 2024 (WAM) -- The Republic of Korea's industry ministry said Wednesday it has launched a project to develop homegrown space rovers amid the growing global competition for lunar exploration, reported Yonhap News Agency.
The government has reached an agreement with 13 institutions and companies, including Hyundai Motor Co., to develop around 10 key rover components with a combined budget of 23 billion won (US$16.6 million), according to the Ministry of Trade, Industry and Energy.
Through the project, Korea aims to develop motors, robotic arms and other essential rover parts capable of operating under extreme conditions, such as low temperatures and high radiation.