What Happened
Private Space Launch Corporation Enters Government Recommended Items System
Innospace, a private space launch corporation, has been selected to provide satellite launch services as part of Korea’s offset-trade program. This marks the first time a space launch service has been included in the government’s recommended items system, which has been in place since 2017. Innospace’s independently developed Hanbit-Nano space launch vehicle is exempt from US International Traffic in Arms Regulations, allowing for reduced restrictions on export controls. The company aims to expand cooperation with foreign defense and aerospace companies, as reported by CHOSUNBIZ.