Backed by Samsung, South Korean startup Perigee aims for 2020 maiden launch

Perigee Aerospace of Daejeong, South Korea, has raised around $12 million from Samsung Venture Investments, LB Investment and others to develop Blue Whale 1, a small launcher capable of carrying 50 kilograms to a 500-kilometer sun-synchronous orbit, CEO Yoon Shin said in an interview. SpaceNews.com