The Korea AeroSpace Administration (KASA) will open its doors Monday, focusing on fostering

local companies that can play key roles in space development projects, and helping the country
develop a global-level space industry and space economy.

"Until now, the country's space development projects have been led by the government," Yoon
Young-bin, KASA's inaugural chief, said earlier. "The most important role of the space agency
will be supporting the private sector to lead space development."

He pointed out that the world's space industry is moving toward the so-called "new space" era,
where private companies are actively leading innovation in space technologies with more
economic feasibility.

로켓배송 상품, 오늘주문! 내일도착!

"The global paradigm is shifting," Yoon said, noting that top space companies, such as SpaceX,
have developed reusable space rockets and launched a group of small satellites with capabilities
similar to medium- and large-sized satellites.

To keep up with this trend, Korea established KASA, the Korean version of the United States'
National Aeronautics and Space Administration (NASA), located in Sacheon, approximately 300
kilometers south of Seoul.

The 293-member agency will lead the nation's space programs, such as the moon and Mars
exploration, and bolster Korean companies' competitiveness in the global space industry.

X
CLOSE