Seoul, Jan 18 (IANS) South Korea’s national space agency plans to unveil its road map aimed at bolstering the country’s aerospace capabilities next month, its chief has said.
Yoon Young-bin, head of the Korean AeroSpace Administration (KASA), announced the plan at an event for the new year attended by aerospace industry officials, the Yonhap news agency said.
“We will devise a road map on laying the foundation for a private-led aerospace economy, which will include projects to develop space vehicles, such as Nuri space rockets, future-oriented aircraft, and advanced satellites, as part of efforts to bolster the local space industry’s competitiveness in the global market,” he said.
“Competition in the global aerospace industry is heating up with the advent of emerging powers and the acceleration of private-led growth,” he added.
In detail, KASA plans to come up with measures to develop indigenous technologies for reusable rockets and aircraft gas turbine engines.
It will also create a detailed business plan for setting up the world’s first space observatory in L4, one of the stable Lagrange points, according to Yoon.
Lagrange points are positions in space where the gravitational forces of a two-body system like the sun and Earth create areas of stability, allowing spacecraft to conduct exploration missions with minimal fuel consumption.
Earlier, KASA officials met their counterparts at the European Space Agency (ESA) and discussed various measures to expand bilateral cooperation in the space sector, the agency said.
The country has also designated May 27 as Aerospace Day to commemorate the launch of the KASA.
The designation has been made to uphold the country’s goal of becoming one of the five global leaders in the aerospace industry and create a space economy, the report said.
–IANS
rvt/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
