‘Space industry’ with wings as a key national task of the 尹Government New Space

Countries around the world are engaged in a war without gunfire over space exploration. ‘Virgin Galactic’, a space company founded by British billionaire Richard Branson, ‘SpaceX’ founded by Tesla CEO Elon Musk, and ‘Blue Origin’ founded by Amazon founder Jeff Bezos Recently, successful test flights have led to private space travel. It is a look ahead of the times. According to the FKI, the global space industry is expected to grow rapidly to $1.1 trillion (about 1389.3 trillion won) by 2040. There are also observations that the value of 10,000 space companies around the world, such as Blue Origin, SpaceX, and Virgin Galactic, will exceed $10 trillion by 2030 (Space Tech Analytics, a space market research company).

With this in mind, President Yoon Seok-yeol made ‘Leap to the world’s 7th largest space power’ as a key promise. This is because there are only six places with magnetic technology in the three major space fields: launch vehicle (rocket), satellite, and space exploration: the United States, Russia, the European Union, China, Japan, and India. It also promised to establish the Aerospace Administration, which is a control tower for the space industry, in order to become a space powerhouse. This was immediately reflected in the national agenda.

The Aerospace Administration, which is scheduled to be established in Sacheon, Gyeongnam, is an agency dedicated to the space industry that serves as a space policy control tower dispersed by each ministry, such as the Ministry of National Defense, the Ministry of Science and ICT, the Defense Acquisition Program Administration, and the Aerospace Research Institute. The plan is to coordinate the space policies scattered across various ministries and design the organization so that the expertise of private companies can be utilized. The goal is to create a ripple effect in all fields such as national defense, security, environment, and industry beyond the simple science and technology level. It is equivalent to the ‘Korean version of NASA’.

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