South Korea and the U.S. made an agreement on space cooperation. Under the deal, the space exploration with a goal of achieving it by 2020 is expected to gain momentum.
South Korea is the first Asian country, which the U.S. signed a deal on space cooperation, followed by Russia, Canada, France, Ukraine, Argentina, Norway, Hungary and Sweden.
Through the deal, the moon exploration project targeting year 2020 is expected to gather momentum the most. Especially, the government is expected to boost moon orbiter development, communications with the moon and the high technology such as data transfer of lead space communications.
Alongside, the government plans to make an opportunity for the private sector to jump into the space industry worth 350 trillion won.
The latest agreement also enables space development centers to have working-level cooperation. The centers include Korea Aerospace Research Institute, Korea Astronomy and Space Science Institute, KAIST, Korea Meteorological Administration and Korea Agency for Infrastructure Technology Advancement, NASA, NOAA and USGS.
In order for the agreement to take effect, it is expected to require two to three months because the agreement should pass the screening of Ministry of Government Legislation and Cabinet Council.
