The Korea Aerospace Administration 'will usher in a new space era by cultivating experts while intensively supporting the aerospace industry ecosystem and fostering challenging and innovative R&D,' President Yoon Suk Yeol says
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The Korea Aerospace Administration will lead the country’s “space economy,” with hundreds of businesses and enterprises working to catapult South Korea into the ranks of the world’s top five space powers, Yoon said. The agency is aimed at streamlining policy and development functions shared among different government ministries and will bring under its structure the aerospace research institute that developed the Nuri and its precursor space launch vehicles.
On Monday, North Korea launched a rocket but failed to put its second military spy satellite in orbit, which it blamed on a new type of engine failing. But one expert noted the attempt as a “huge leap” in the heavily sanctioned country’s race for space.
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