Yoon unveiled a plan to invest 100 trillion won ($72.5 billion) by 2045 during an inauguration ceremony for the country's new space agency, the Korea Aerospace Administration (KASA), in Sacheon, about 300 kilometers from Seoul, Yonhap news agency reported. Unveiled.
"We will land our space exploration vehicle on the Moon in 2032 and place Taegeukgi on Mars in 2045," Yoon said in his opening remarks, referring to the name of the national flag.
Yun promised to increase budget and investment in space and aerospace industries to increase their competitiveness.
"We will expand the corresponding budget to more than 1.5 trillion won by 2027 and attract investments of about 100 trillion won by 2045," he said.
He said the government will also designate May 27, the inception of CASA, as Space Aerospace Day to raise awareness about space exploration.In the face of the intensifying global space race, Yoon underlined the importance of playing a leading role in setting standards in space and related industries.
Last year, South Korea successfully completed the third launch of the 200-to Nuri, also known as KSLV-II, which put eight viable satellites into orbit.
It has also sent into orbit two military reconnaissance satellites carried by space rockets in December and April respectively to better monitor North Korea.
South Korea plans to acquire five spy satellites by 2025 and about 60 small and micro-sized spy satellites by 2030, which would allow the military to monitor the Korean Peninsula every 30 minutes or less. Will enable.
The small satellites are expected to be launched on domestic solid-fuel space rockets currently under development.In December, the military conducted the third flight test of a solid-fuel space rocket.
"We will land our space exploration vehicle on the Moon in 2032 and place Taegeukgi on Mars in 2045," Yoon said in his opening remarks, referring to the name of the national flag.
Yun promised to increase budget and investment in space and aerospace industries to increase their competitiveness.
"We will expand the corresponding budget to more than 1.5 trillion won by 2027 and attract investments of about 100 trillion won by 2045," he said.
He said the government will also designate May 27, the inception of CASA, as Space Aerospace Day to raise awareness about space exploration.In the face of the intensifying global space race, Yoon underlined the importance of playing a leading role in setting standards in space and related industries.
Last year, South Korea successfully completed the third launch of the 200-to Nuri, also known as KSLV-II, which put eight viable satellites into orbit.
It has also sent into orbit two military reconnaissance satellites carried by space rockets in December and April respectively to better monitor North Korea.
South Korea plans to acquire five spy satellites by 2025 and about 60 small and micro-sized spy satellites by 2030, which would allow the military to monitor the Korean Peninsula every 30 minutes or less. Will enable.
The small satellites are expected to be launched on domestic solid-fuel space rockets currently under development.In December, the military conducted the third flight test of a solid-fuel space rocket.