Launch Ceremony of South Korea Space Industry Cluster Held in Sacheon

Korea Aerospace Industries Shares Vision, Goals, and Development Directions for Space Industry Cluster

Sacheon City in Gyeongnam announced on the 14th that the launch event of the Korea Space Industry Cluster, hosted by the Ministry of Science and ICT and organized by Korea Aerospace Industries, was held.

The event was attended by about 450 people including President Yoon Suk-yeol, Minister of Science and ICT Lee Jong-ho, Governor of Gyeongnam Park Wan-su, Mayor of Daejeon Lee Jang-woo, Governor of Jeonnam Kim Young-rok, as well as businesspeople, researchers, and students. It was organized as a venue for harmony and exchange to share the vision, goals, and development directions of the space industry cluster.

President Yoon Suk-yeol is delivering a congratulatory speech at the "Korea Space Industry Cluster Launch Ceremony" held at Korea Aerospace Industries (KAI) in Sacheon, Gyeongnam. [Image source=Yonhap News]

On the day, President Yoon Suk-yeol said, "The space industry cluster will lead the great journey toward making the Republic of Korea one of the top five space powers. The government will strongly support the success of the space industry cluster’s triangular system, and will attract investments of 100 trillion won in the Korean space industry by 2045, creating more than 250,000 quality jobs."

At the event, Minister Lee Jong-ho presented the space industry cluster vision promotion plan, highlighting key tasks such as building space industry infrastructure, strengthening the space industry ecosystem, and expanding the space industry cluster base. The heads of the local governments of Gyeongnam, Daejeon, and Jeonnam shared development plans and future visions for each specialized district.

Park Dong-sik, Mayor of Sacheon, said, "I consider it very meaningful that the launch ceremony of the space industry cluster was held in Sacheon, a city centered on aerospace, and I will do my best in the construction of the aerospace complex city linked to the space industry cluster, which is being promoted together with Gyeongnam Province."

Meanwhile, Sacheon in Gyeongnam, where today’s event was held, has been designated as the satellite-specialized district of the space industry cluster. A Satellite Development Innovation Center will be established to build shared facilities and equipment for satellite development and manufacturing, as well as to accommodate and nurture satellite startups.

This content was produced with the assistance of AI translation services.