청 "Young Talents Will Have an Opportunity to Leap into Space" (Update)

"Infrastructure Improvement Expands to Korean New Deal Space... 'Not a Virtual Korean SpaceX, but Reality'"

[Asia Economy Reporters Ryu Jeong-min and Son Seon-hee] Kim Hyun-jong, the 2nd Deputy Director of the National Security Office at the Blue House, stated at a briefing at the Press Center on the 28th, "This revision of the missile guidelines will serve as an opportunity to lead our private companies and individuals, especially young talents aspiring to enter the space industry, into space."

In particular, Deputy Director Kim emphasized, "With the establishment of an institutional foundation for improving space infrastructure, the Korean New Deal policy has opened the way to expand into space. In 2018, the global space industry was valued at 360 billion dollars, and it is expected to grow to about 1 trillion dollars by 2040."

[Image source=Yonhap News]

Deputy Director Kim stated, "By completely removing the restrictions on the use of solid fuel, we can now freely develop and use liquid, solid, and hybrid types together with the government and private sectors, just like other advanced space development countries," adding, "The Korean version of SpaceX can become a reality, not just a virtual concept."

He further said, "The space launch vehicle industry has a significant industrial impact on the overall economy of a country. Just as the shipbuilding industry transformed the national economy in the 20th century, the space launch vehicle industry will change our future in the 21st century," and added, "The space launch vehicle industry will create markets in various related fields. It is the establishment of an ecosystem for our country's space industry."

This content was produced with the assistance of AI translation services.