The Korea AeroSpace Administration (KASA) said Wednesday it will invest 380.8 billion won (US$274.8 million) for the next seven years to build three industrial parks for the space industry.
KASA said the budget will be spent to build an industrial complex for space vehicles.
The other two industrial parks will be built for development of civilian satellites and training of professionals for the space industry, it said.
South Korea aims to land a homegrown spacecraft on the moon in 2032 and Mars in 2045, with massive investment in space exploration.
Source: Yonhap News Agency
