"We aim to make South Korea a top-five space power by 2045, increasing our global space market share to 10%," said KASA administrator Yoon Youngbin. This bold ambition would place South Korea alongside established space leaders and could generate a market worth roughly 420 trillion won, rivaling the semiconductor industry and creating over 500,000 jobs. However, realizing this vision depends heavily on the country's ability to spur private sector participation and innovation in spacecraft manufacturing."
"With international partnerships, especially with the United States, South Korea hopes to significantly enhance its space capabilities. Our reputation for high-quality manufacturing gives us a solid foundation," Yoon added, indicating that ongoing collaborations and a shift towards self-sufficiency in the private sector are critical to compete globally. The planned budget increase to 965 billion won in 2025 represents a serious investment that KASA believes will drive these ambitions forward, along with presidential commitments to attract further investments."
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