ANKARA

South Korean space startup Innospace Co. said Monday that it plans to launch the country’s first commercial orbital rocket after three delays.

The Hanbit-Nano rocket is scheduled to lift off from the Alcantara Space Center in Brazil at 3.45 pm Monday local time (1845GMT), Innospace said in a statement posted on the US social media platform Facebook.

“Following a review of technical readiness and the Launch Conjunction Assessment (LCA), the launch date has been confirmed. The SPACEWARD mission continues with a strong focus on safety and mission reliability,” it said.

The launch has been postponed three times since the company's original plan to blast off on Nov. 22, the report said.

It was first delayed to last Wednesday due to a defect in avionics electronics and was then rescheduled for Friday.

The launch attempt on Friday was delayed due to an issue with a fuel tank, after which the launch operator postponed the liftoff.

The two-stage Hanbit-Nano vehicle will carry eight payloads, including five satellites, and deploy them into a 300-kilometer (186-mile) low Earth orbit, according to Yonhap.

The rocket’s first stage is powered by a 25-ton thrust hybrid engine, while the second uses a liquid methane and liquid oxygen engine.

Innospace will become the first private South Korean company to place a customer satellite into orbit if the mission succeeds.