Korea's version of NASA to launch on May 27

The Korea AeroSpace Administration (KASA) will start operations on May 27.

A banner announcing the opening of the Korea AeroSpace Administration (KASA), set to open on May 27, is shown hanging in Changwon, South Gyeongsang, on Thursday. [YONHAP]

A banner announcing the opening of the Korea AeroSpace Administration (KASA), set to open on May 27, is shown hanging in Changwon, South Gyeongsang, on Thursday.

KASA was based off of NASA from the United States. The Yoon Suk Yeol government aims to develop over 2,000 aerospace companies and generate 500,000 jobs through the establishment of the agency, with the goal of becoming one of the top five space powers globally by 2045. Seoul National University's aerospace engineering professor Yoon Young-bin was appointed by Yoon as KASA's inaugural chief on April 24.