What Happened
South Korean Launch Company Expands Industrial Cooperation Opportunities
South Korean launch company INNOSPACE has announced that its low Earth orbit launch services have been selected as a recommended offset item for industrial cooperation by the Ministry of Trade, Industry and Resources. This marks the first time launch services have appeared on the list since the program began in 2017. According to INNOSPACE, the inclusion of launch services could enable space transportation services to be used as part of industrial cooperation between countries. The company’s HANBIT-Nano launch vehicle is designed to be ITAR-free, reducing export control constraints for its international launch services business. This development was first reported by an unknown source.