KASA was established on 27 May 2024 as part of a campaign promise made by President Yoon Suk Yeol to reform national politics, including shifting space exploration to the private sector.[3] Seen as the domestic version of NASA, KASA aims to become one of the top five leading space agencies through developing the KSLV-III rocket and creating and landing homegrown spacecraft on the Moon by 2032 and Mars by 2045.[4][5]