# Perigee Aerospace to build production base in Okcheon, South Korea

Perigee Aerospace, a small space launch vehicle manufacturer, will invest KRW 13 billion to build a production base in Okcheon-gun, Chungcheongbuk-do, South Korea. Construction completion is targeted for April 2022, and the facility is expected to create about 100 jobs.

- Type: New facility
- Announced: 2021-12-10
- Where: Odong-ri, Gunseo-myeon, Okcheon-gun, Chungcheongbuk-do, South Korea
- Value: $10.9M (13.0B KRW)
- Jobs: 100
- Starts operating: Apr 2022
- Status: announced
- Products: small space launch vehicle body parts
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Perigee Aerospace](https://endata.com/companies/59600.md)

## Sources

- [investkorea.org](https://www.investkorea.org/cb-en/bbs/i-1310/detail.do?ntt_sn=491175), 2021-12-10: "We have reviewed a number of sites to secure the main rocket production base, and decided to move into Okcheon-gun that promised active support."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.