According to Yonhap News,

(Seoul = Yonhap News) Reporter Choi Hyun-seok = The Korea AeroSpace Administration (KASA) announced on the 23rd its plan to establish a KRW 200 billion (approx. USD 149 million) "New Space Fund (No. 4)" by September to nurture leading companies that will spearhead the "K-Aerospace" era.

KASA will contribute 100 billion won, which will be matched by private and overseas investor capital to reach the total goal. This represents a 25-fold increase from last year's fund (KRW 8.1 billion), aimed at meeting the surging demand for scale-up investments.

The fund will target the space industry and related sectors, including future aviation and high-potential technology fields. It will be categorized into small (startups), medium, and large (scale-ups) to match the growth stages of companies.

Notably, KASA is also preparing to launch its first-ever global fund to facilitate the entry of domestic firms into international markets, with detailed plans to be announced in the second half of the year. "We will continuously attract private investment and actively support our companies to grow into globally competitive players," said Oh Tae-seok, Administrator of KASA.

harrison@yna.co.kr



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Source Text

Source: Yonhap News (March 23, 2026)

** This article was translated from Korean.