Industry News

  • Nuri Rocket’s Fourth Launch to Include CubeSats for Space Pharmaceutical and Satellite Disposal Testing

    The fourth launch of the Nuri rocket next year will carry cube satellites aimed at conducting space pharmaceutical experiments and Earth imaging. The Korea Aerospace Research Institute (KARI) announced that they have selected three 6U satellites and three 3U satellites as secondary payloads for the launch. The 6U satellites include: The 3U satellites include: The […]

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  • Committee on Space Research underscores international cooperation

    At the 45th Committee on Space Research (COSPAR) in Busan, Yoon Young-bin, head of the Korea AeroSpace Administration (KASA), emphasized the importance of international collaboration in space exploration and science for the benefit of humanity. Yoon highlighted that to become a significant member of the international space community, Korea will actively engage in cooperative activities. […]

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  • Korean Machinery Industry Continues to Grow in the Global Market

    As of August 23, 2024, the Ministry of Trade, Industry and Energy reported that Korea’s general machinery exports reached $25.7 billion in the first half of the year, marking a 1.6% increase compared to the previous year. This growth stands in stark contrast to the more than 30% decline in exports of semiconductors and displays, […]

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  • Korea’s Leap into the Future with the Boost of the Biotech Industry

    The Korean government has designated the biotech industry as a national strategic technology, announcing an ambitious plan to increase production capacity to KRW 100 trillion and annual exports to USD 50 billion by 2030. This expansion signifies a broadened support not only for vaccine technologies but also for the entire biopharmaceutical sector. The government plans […]

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  • Korea Accelerates Space Exploration with Its Own Space Agency

    In May 2024, the Korean government announced the establishment of the Korea Aerospace Administration (KAA), marking a new chapter in space exploration. The Ministry of Science and ICT plans to advance space exploration technologies and strengthen international cooperation through KAA. Led by First Vice Minister Jo Seong-kyung, a delegation visited major international space organizations such […]

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