Government ready to actively foster aerospace industry

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Government ready to actively foster aerospace industry

 

April 12, 2005


The Ministry of Science and Technology (MOST) has decided to actively foster the nation's aerospace industry throughout this year.

In a policy direction report to President Roh Moo-hyun, Deputy Prime Minister and Minister of Science and Technology Oh Myung said on March 4 that his ministry will seek the legislation of the Space Exploration Promotion Act, which includes the designation of an aerospace authority and safety guidelines for future policy on space exploration projects.

The MOST will push for a passage of the law in the first half of the year, he said. The ministry also plans to launch the unmanned multi-purpose satellite Arirang 2 in November and select candidates for Korea's first astronaut this year.

Oh also said his ministry would focus on strengthening Korea's technology industry and raising talented manpower by adopting a customized education system developed jointly by industry and academic circles.

Under the plan, the MOST will create a special program at the Korea Advanced Institute of Science and Technology (KAIST) to produce 800 to 1,000 talented individuals specializing in next-generation automobiles annually. The science ministry said it would also expand the program at KAIST, which starts from September, into other next-generation technologies and other graduate schools in the future.

In addition, the MOST plans to devise systematic research and development assessment methods and create an atmosphere in which scientists can work freely. It will also review adopting a venture capital model to encourage innovative venture start-ups, Oh said.

 

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