What Happened
South Korean Space Launch Vehicle Developer Expands Sales Network
Innospace, a South Korean space launch vehicle developer, has been selected for the Ministry of Trade, Industry and Resources’ first round of recommended industrial cooperation items under the 2026 defense offset trade program. The company’s low Earth orbit launch service is the first space launch service to be included in the program, allowing foreign contractors to use it to fulfill their offset obligations. Innospace develops small satellite launch vehicles based on hybrid rocket technology and provides launch services, with plans to expand its sales network through contracts and memorandums of understanding with overseas companies. This development was first reported by The Elec Inc.