South Korea has plans to make a Mars landing by 2045.
President Yoon Suk Yeol said it plans to spend 100 trillion won ($72.6 billion) until then on space exploration.
The Korea Aerospace Administration (KASA) will lead the country’s “space economy”.
South Korea’s first lunar lander is planned for 2032.
With the launch of the Nuri rocket in May 2023, South Korea became the seventh nation to possess its own space launch vehicle and satellite development technology.
By 2027, South Korea plans to conduct at least three more space launches. Plans to launch military satellites are also in place.
North Korea attempted to launch a rocket on May 27, 2024, but was unable to place its second military spy satellite into orbit.
Japan was the fifth nation to send a lander to the moon in January.
India was the fourth country to land on the moon last year.
