THE AGREEMENT ON SPACE COOPERATION WENT INTO EFFECT THIS WEEK THURSDAY AS THE US AND S KOREA AGREE TO EXCHANGE AND TRANSFER TECHNOLOGY FOR THE PEACEFUL SCIENCE, EARTH AND SPACE OBSERVATION THAT COVERS AS WELL THE PRIVATE SECTOR

An agreement reached between South Korea and the United States earlier this year to deepen space cooperation has taken effect, paving the way for closer ties between the allies in the exploration of the cosmos, the foreign ministry said Friday.
In April, Seoul and Washington signed the "Framework Agreement for Cooperation in Aeronautics and the Exploration and Use of Airspace and Outer Space for Civil and Peaceful Purposes."

   South Korea became the first Asian country to sign such a deal with the U.S., known as a leader in space exploration.
The agreement went into effect on Thursday and it is expected to accelerate and deepen cooperation between the two countries, the ministry said.
The agreement covers private sector cooperation for peaceful purposes ranging from space science, earth and outer space observation. It also covers the transfer of technology, data and relevant intellectual property rights.
Since the agreement was reached, the allies have been beefing up efforts to strengthen their tie-ups in space.
In April, they held their second space cooperation committee meeting. In a related move, scientists and researchers from the two countries also formed a working group in May to discuss detailed action plans, the ministry said.

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