Yoon to announce road map for 'future space economy'

The summarized version

|President Yoon Suk-yeol, left, watches a TV report at the presidential office in Seoul about Korea's homegrown space rocket Nuri lifting off from Naro Space Center in Goheung, South Jeolla Province, southwestern Korea, as the country made a second attempt to put satellites into orbit, June 21.Korea Times photo by Seo Jae-hoon|President Yoon Suk-yeol will announce a road map this week for a "future space economy," including plans to establish an aerospace agency similar to the U.S. National Aeronautics and Space Administration, his office said Sunday.The road map, to be unveiled by Yoon on Monday, will include six major policy areas that will help transform the nation into a "space economy" power, deputy presidential spokesperson Lee Jae-myoung said during a press briefing."A space economy sounds like something in the distant future, but in the course of developing Nuri, more than 300 businesses discovered a new space economy sector and made profits," Lee said, referring to the homegrown space rocket launched in June.In June, Korea launched its first homegrown rocket, Nuri, becoming the seventh country in the world to develop a space launch vehicle that can carry a satellite of more than 1 ton."

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