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http://www.domain-b.com/aero/space/launch_veh/20090603_kslv_1.html
Seoul: South Korea has cleared plans to launch the country's first space rocket, the Korea Space Launch Vehicle-1 (KSLV-1), in July. The country's National Space Committee has approved the launch, tentatively scheduled for 30 July at the Naro Space Centre in Goheung, about 475 km south of Seoul, a government statement said.
The contract to design and build a Space Rocket Complex with a small-lift Launch Vehicle KSLV 1 and the launch complex was signed in Seoul on October 26, 2004 between Korean Aerospace Research Institute (KARI) and Khrunichev Space Centre (KhSC), Energomash Research and Production Association and Design Bureau for Transport Engineering (KBTM) from Russian side (http://www.khrunichev.ru/main.php?id=73&hl=kslv).
The booster stage is identical to the one which is to become the 1st stage booster of Russian Angara launch vehicle and will effectively be the first real use of the technology.
http://joongangdaily.joins.com/article/view.asp?aid=2903866
While the first rocket is the result of cooperation between Korea and Russia, later projects are expected to use mainly Korean technology. The first-stage rocket is made entirely with Russian technology. There are about 100 Russian scientists including 20 security officials working at the Naro Space Center.
As Russia doesn’t allow the transfer of rocket technology, South Korean scientists haven’t been able to participate in the assembly process.
Despite the countless simulations, a successful rocket launch is never guaranteed. Experts say the average success rate stands at only 27.2 percent.
Some information provided on the launcher by KARI:
A fairing separation test picture:
The video of the rocket's mock up's roll out in April, 2009: