Hyundai Rotem and Peregine partner to develop rocket and missiles - South Korea

Perigee Aerospace (hereinafter referred to as Perigee), which engages in space-related businesses, and Hyundai Rotem, which manufactures trains and other products, announced that they have signed a memorandum of understanding (MOU) to expand their business.
As a result, the two companies plan to cooperate to expand their business into rockets and missiles. Hyundai Rotem was the first in South Korea to develop methane engine technology.
The company possesses space-related technological capabilities, including those related to propulsion systems, and has constructed equipment related to the propulsion and fuel supply systems for the "Ri" spacecraft.
Meanwhile, Perigee is developing a rocket using a liquid methane engine.
The plan is to create synergy in the rocket and missile field by utilizing the technologies of both companies, such as propulsion systems and fuselages made of carbon fiber composite materials.
Prior to this, Perigee had tested a vertical take-off and landing vehicle to reuse rockets.
The plan is to use an improved model of the upper part of the internal rocket, Blue Whale 1, to verify the rocket's flight capabilities.