What Happened
Space Companies Gain Access To Defense Industry Support Framework
The Korea Aerospace Administration has established a legal basis for space companies to use the guarantee and mutual aid services of the Korea Defense Industry Mutual Aid Association. This move is expected to reduce companies’ costs and help grow the domestic space insurance industry. The administration also opened the Naro Space Center to the private sector and secured a site for the Korea Positioning System ground center. According to The Asia Business Daily, these initiatives are part of the administration’s efforts to support the growth of the space industry.