This Act is enacted to promote the development of our space activities and space industry, to enhance our citizens’ life and welfare, and to help a sustainable and peaceful development of mankind.

The competent authority of the Act is the National Science and Technology Council.
Such matters provided under the Act that pertain to the powers and duties of a central competent authority for the enterprise in question shall be handled by that authority.

The terms as used in the Act shall have the meanings as below.
1.Space activities: Activities such as space exploration, observation of the earth from outer space, construction of communication networks, development or use of resources in the outer space and other celestial objects by using launch vehicles or spacecraft.
2.Launch vehicles: Rockets or aircrafts that launch a spacecraft or appliances and equipment for space activities.
3.Spacecraft: Satellites, unmanned or manned space capsule and payload thereof.
4.Space industry: Sectors including launch of spacecraft, space science research, manufacturing of space related (and ground receiver) equipment, satellite application services (including operation), and new types of services arising from space activities.
5.Space accidents: Malfunction, collapse, collision, explosion and other accidents during the launch of a launch vehicle or operation of a spacecraft.
6.Launch center: A launch site exclusively used for launch of a vehicle.

The government shall have a juristic person specifically mandated to handle business relating to implementation of the national space strategies and plans and facilitation of promotion of space development.

The competent authority shall be in charge of the following matters:
1.Creating baseline policies on the national space development.
2.Planning, establishment and promotion of the national space program.
3.Establishment of the national launch center.
4.Registration of launch vehicles and spacecraft.
5.Launch permit for a launch vehicle.
6.Materialization of an international exchange and cooperation program.
7.Research of international space legal systems.
8.Coordination and facilitation of other matters relating to space development.
The competent authority may appoint a juristic person, group or institution to handle matters described in subparagraphs 4 to 7 of the preceding paragraph.