The Korea Aerospace Research Institute (KARI) is the aeronautics and space agency of South Korea. Its main laboratories are located in Daejeon, in the Daedeok Science Town. Current projects include the KSLV-2 launcher. Past projects include the 1999 Arirang-1 satellite. The agency was founded in 1989. Prior to South Korea's entry into the IAE in 1992, it focused primarily on aerospace technology.