S. Korea space transport ambitions hopes to challenge SpaceX
The Peninsula
Seoul: South Korea s new space agency said Thursday it was looking to grow its share of the industry and take on Elon Musk s SpaceX, as it unveiled pl...
Seoul: South Korea's new space agency said Thursday it was looking to grow its share of the industry and take on Elon Musk's SpaceX, as it unveiled plans to create a "space passageway".
The Korea Aerospace Administration (KASA) opened in May with the goal of turning the land of K-pop into a new space powerhouse, following the United States, Russia, and China.
Seoul, which is also locked in a space race with the nuclear-armed North, has said it has goals of landing a homegrown probe on the moon by 2032, and eventually getting to Mars.
KASA said Thursday it was looking to build an entire space transport system, including a "space passageway", to take on market leaders SpaceX, owned by Musk.
"We're going to make the aerospace industry a core industry, and we're aiming for a 10 percent global market share by 2045," Yoon Young-bin, administrator of KASA, told reporters at a press conference.
