Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

South Korea to Fire Rocket as Eyes Turn to North’s Site

Don't Miss Out —
Follow us on:
South Korea to Fire Rocket as Eyes Turn to North’s Missile Site
The Korea Space Launch Vehicle-1 (KSLV-1) is lowered from a launch pad for checking at the Naro Space Center in Goheung, South Korea, on Oct. 26, 2012. A launch is planned for Nov. 29. Photographer: Shin Jun-hee/Yonhap/AP Photo

Nov. 29 (Bloomberg) -- South Korea will make its third attempt to launch a civilian space rocket and satellite today as speculation mounts that North Korea may defy the international community with another ballistic missile test.

The 33-meter (108-feet) KSLV-I rocket, or Naro, carrying a 100-kilogram research satellite, is set to blast off from a site near Goheung, 330 kilometers (200 miles) south of Seoul, at 4 p.m. local time, Cho Yul Rae, vice science minister, said in a televised briefing. It will be the country’s third attempt to put a satellite into orbit using a rocket built with domestic and Russian technology.

Activity at North Korea’s launch site is consistent with preparations before the botched firing of a rocket in April that cost the regime an American food-aid deal, according to satellite company DigitalGlobe Inc. South Korea has spent about $500 million on the Naro project to gain a toehold in the space-services market while countries including the U.S. contend the North’s program is cover for missile development.

“North Korea may want to restore its national pride after the failed launch,” Baek Seung Joo, who studies the Pyongyang regime’s military at the Korea Institute of Defense Analyses in Seoul, said yesterday by telephone. “If South Korea succeeds with the Naro rocket, the North’s technology will look weak in comparison.”

Kim Jong Un’s government may be in a position to conduct a test by mid-December, DigitalGlobe said on its website, citing a Nov. 23 image of the Sohae Satellite Launching Station.

Military Commanders

North Korea, which announced plans for its last launch almost a month in advance, has not signaled another test is imminent while State Department spokeswoman Victoria Nuland declined to comment on Nov. 27 on any intelligence assessment of satellite images.

The regime could behave provocatively at any time, South Korean President Lee Myung Bak said Nov. 27 in remarks to military commanders, without commenting on any preparations North Korea may be making for a missile test. South Korea’s military was watching the North as usual and had not changed its alert levels, an official at the Joint Chiefs of Staff said Nov. 23 after the Asahi newspaper reported the U.S. told Japan and South Korea it had detected preparations for a possible missile test.

South Korea’s presidential election on Dec. 19 would weigh against Kim firing a missile before then, said Baek of the defense institute. It would reduce the chances of economic aid from South Korea, harden the U.S. stance against Pyongyang and embarrass the new leadership in China, Kim’s main benefactor.

Naro Rocket

Success with the Naro rocket could bring long-term economic benefits of as much as 3 trillion won for South Korea via higher value-added exports and a share of the space-services market, according to the science ministry.

During the last launch in June 2010, contact with the rocket, which is presumed to have blown up, was lost within minutes of liftoff. On the first attempt in August 2009, a protective cover failed to properly separate from the satellite, causing it to overshoot its planned altitude.

The Korea Aerospace Research Institute is leading the project, in collaboration with more than 150 South Korean companies, including Korean Air Lines Co., Hyundai Heavy Industries Co. and Doosan Infracore Co., the agency said on its website.

In April, North Korea failed to launch a rocket that it said was intended to carry a satellite into orbit. The totalitarian nation denied the launch was cover for a long-range missile test in violation of United Nations sanctions.

It disintegrated shortly after takeoff in a debacle that prompted a rare public admission of failure to the outside world. When North Korea fired a Taepodong-2 missile that crashed into the Pacific Ocean in April 2009, it claimed to have successfully placed a satellite in space.

To contact the reporter on this story: Rose Kim in Seoul at

To contact the editors responsible for this story: Brett Miller at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.