President Yoon Suk Yeol looks at a small-scale space launch vehicle during a meeting with researchers, investors, students and businesspeople in the space sector at the presidential office in Yongsan District, central Seoul, on Feb. 21. [YONHAP] The government will create a 50-billion-won ($38.5 million) fund for space startups by 2027, the Ministry of Science and ICT said Tuesday. The government-backed fund-of-funds, operated by the Korea Venture Investment Corp, will be dedicated to investing in the private space sector.

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