A few days ago South Korea launched a rocket that was, in the words of the South Korean government, a partial success. The rocket, part Russian and part South Korean, was meant to place a satellite into orbit, but failed to do so.
Naturally this brings up comparisons with North Korea, whose own failed attempt to launch a satellite earlier this year caused concern around the world. The biggest difference is the reaction of the two countries to their failures. South Korea openly admitted that the launch failed to meet its aim of putting a satellite into low Earth orbit. North Korea is still insisting that their satellite is up their orbiting the Earth and broadcasting Korean songs despite the fact that the rest of the world watched it crash into the Pacific. The South Koreans definitely have the more mature approach.
It's good to see South Korea is keen on developing a space industry, and this is a big step following getting their first astronaut (or should it be cosmonaut since she went up with the Russians?) last year. I look forward to seeing further developments.