KASA to help S Korea compete in global space race

Seoul: With the opening of the nation's full-fledged space agency, South Korea is set to make its mark on the global space stage, aiming to transform into a powerhouse and join the elite space race led by the private industry.

The Korea AeroSpace Administration (KASA) will open its doors on Monday, focusing on fostering local companies that can play key roles in space development projects and helping the country develop a global-level space industry and space economy, Yonhap news agency reported on Sunday.