✉news BusinessStartups first seen 12 h ago, last 6 h ago, peak #28
South Korea proposes $18 million cap for Innospace rocket launch
Original: South Korea proposes an $18 million cap for startup Innospace's rocket launch
South Korean authorities have proposed capping Innospace's rocket launch coverage or liability at around $18 million. The move affects the Seoul-based startup's plans to conduct its rocket launch and raises questions about insurance requirements for private space ventures in the country. The proposal comes as Innospace works to establish itself in South Korea's emerging commercial space sector.
Why now: Regulatory conditions on a startup's rocket launch affect South Korea's growing private space industry
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