Establishment cycle of the Basic Plan for Space Risk Preparedness shortened to five years

[Financial News] The Korea AeroSpace Administration (KASA) announced that a partial amendment to the Space Development Promotion Act, shortening the establishment cycle of the Basic Plan for Space Risk Preparedness from 10 years to five years, was promulgated and took effect on the 15th. This amendment aims to improve the timeliness and effectiveness of space risk response policies in response to rapidly changing space environments, including the recent increase in satellite launches and the expansion of private space activities.
Before the amendment, the Space Development Promotion Act stipulated that the government establish the Basic Plan for Space Risk Preparedness every 10 years to prepare for space risks. However, the need to shorten the policy response cycle had been continuously raised due to the increased risk of collisions resulting from the recent rise in low-Earth-orbit satellites and changes in the space environment caused by solar activity. In addition, the need to review the appropriate cycle for the basic plan was raised during the settlement review process of the Science, ICT, Broadcasting, and Communications Committee of the National Assembly.
Under the amendment, the government will establish the Basic Plan for Space Risk Preparedness every five years, and the revised cycle will also apply to basic plans established before the amendment. Accordingly, the revised cycle will apply to the 2nd Basic Plan for Space Risk Preparedness (2024–2033), established in 2024, and the next 3rd Basic Plan for Space Risk Preparedness is scheduled to be established and implemented in 2029.
Following the amendment, the Korea AeroSpace Administration (KASA) plans to pursue space risk response policies more swiftly and systematically, including strengthening Space Situational Awareness (SSA) capabilities, enhancing the space risk early warning system, and establishing a cooperative framework with relevant domestic and international organizations.
Oh Tae-seok, Administrator of the Korea AeroSpace Administration (KASA), said, "Space risks are directly linked to public safety and the protection of national space assets," adding, "With this amendment, we will continue to strengthen the policy foundation so that we can respond more swiftly and flexibly to rapidly changing space environments."

[email protected] Yeon Ji-an Reporter