"Targeting the Space Market"... LIG Nex1 Signs 'Multifield Satellite Joint Development' Agreement with Korea Aerospace University

Establishing Industry-Academia Cooperation, Advancing into the Global Space Industry

Promoting Joint Development of Satellites for Multidisciplinary Applications

LIG Nex1 has partnered with Korea Aerospace University for joint satellite development targeting the global space industry market.

On the 16th, LIG Nex1 announced that it signed a business agreement with Korea Aerospace University at the Pangyo R&D Center to establish a 'Multidisciplinary Satellite Joint Development Cooperation and Support System.'

At the event, Shin Ik-hyun, President of LIG Nex1, and Heo Hee-young, President of Korea Aerospace University, along with key officials from both LIG Nex1 and Korea Aerospace University, attended.

The two institutions agreed to actively respond to the rapidly changing global space market by mutually cooperating on ▲joint development of various satellite technology fields such as signal intelligence, earth observation, and communication satellites ▲joint training of space experts ▲establishment of a shared collaboration system.

Shin Ik-hyun, President of LIG Nex1 (second from left), and Heo Hee-young, President of Korea Aerospace University (second from right), along with other attendees, are posing for a commemorative photo after signing the MOU for "Multifield Satellite Joint Development Cooperation and Support System Establishment."

In October 2022, LIG Nex1 signed a business agreement with Korea Aerospace University to exchange technology and academic information in the space industry field and to jointly nurture talent under the 'Industry-Academia Cooperation and Talent Development for the Space Industry.' Through this MOU, they aim to cultivate customized talent to secure preemptive space-based technologies and build a sustainable industry-academia cooperation system.

Shin Ik-hyun, President of LIG Nex1, emphasized, “With the full-fledged arrival of the New Space era, the importance of strategic cooperation encompassing all areas such as manpower, technology, and capital in the space sector is increasing more than ever,” adding, “Based on close cooperation with Korea Aerospace University, we will secure differentiated competitiveness to enter the global space market.”

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