Singapore to launch space agency in response to global investment surge

February 2, 2026 2:55 PM

Singapore to launch space agency in response to global investment surge

Singapore will launch its own space agency on April 1 as it bids to "fully harness the value and opportunities of the growing global space economy", the country's trade ministry announced on Monday. "Singapore's strengths in advanced manufacturing, aerospace, micro-electronics, precision engineering and artificial intelligence position us well to capture new opportunities in the space technology sector," said the Ministry of Trade and Industry, which will run the new agency. Global investment ...

South Korea plans Mars landing in 2045 as it launches first space agency

May 30, 2024 6:49 PM

South Korea plans Mars landing in 2045 as it launches first space agency

South Korea plans to make a Mars landing by 2045 and spend 100 trillion won ($72.6 billion) until then on space exploration, President Yoon Suk Yeol said on Thursday at the launch of the country's first space agency. The Korea Aerospace Administration (KASA) will lead the country's "space economy," with hundreds of businesses and enterprises working to catapult South Korea into the ranks of the world's top five space powers, Yoon said. "KASA will usher in a new space era by cultivating experts...