Korea’s aerospace administrator pledges supports for industrial ecosystem

Oh Tae-seog, administrator of the Korea AeroSpace Administration, pledged government support Wednesday to nurture an industrial ecosystem aligned with the new space era and prevent Korea from falling behind in the intensifying global space race. During a press conference in Seoul, Oh, who took office as KASA's second administrator on Feb. 3, said the new space era is led by the private sector and driven by commercial viability, making it essential for Korea to move quickly to secure a foothold in the market. “The country’s efforts to build an industrial ecosystem matching the New Space era are still insufficient,” he said. “In the past, the focus was on research and development, but now speed is also critical. We need to move quickly. To foster the industry, we must also ensure price competitiveness. It is important to actively communicate with companies on the ground, identify their challenges and address them.” President Lee Jae Myung said in December last year that Korea needs to launch its homegrown Nuri space rocket at least once a year by 2032 to meet the growing launch

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