The Education, Science and Technology Ministry says it will pursue a third launch of the Naro space rocket after the South Korea-Russia joint analysis of the failed June tenth launch is completed.

The ministry cited to reporters a stipulation in the 2004 contract on the Korea Space Launch Vehicle-1 (KSLV-1) project between Korea Aerospace Research Institute and Russia’s Khrunichev State Research and Production Space Center. The agreement states that Seoul has the right to request Moscow for a third attempt if one of the previous two attempts ends in mission failure.

If a third attempt is not made, there is a provision that allows South Korea to pay five percent, or some ten million dollars, less than the contracted payment to Russia.

The ministry added that the upper stage for a third launch has been previously manufactured with another successfully tested satellite ready, which should cut expenses in pursuing another launch.

The ministry said the timing of the third attempt would be decided depending on the cause of the second launch failure and measures taken to improve the glitches. It also said the development of the KSLV-2 will be pursued as planned.

The Naro exploded midair after 137 seconds from liftoff in its second launch last Thursday.