"Time to Start the Space Power Era"... Shin Ik-hyun, CEO of LIG Nex1, Keynote Speech at the Spring Conference of the Korean Society for Aeronautical and Space Systems Engineering

"Leap to a Strong Nation: Government and Private Sector Form 'One Team'"

"The Future of the Space Industry and Korea's Role"

"It is time for the government and private sector 'one team' to start moving for the Republic of Korea to leap forward as a space power!"

Shin Ik-hyun, CEO of LIG Nex1, emphasized this point in a keynote speech at a prominent domestic academic conference in the field of aerospace engineering.

CEO Shin stated that close cooperation and role-sharing between the government and the private sector are more important than ever to overcome the increasingly fierce global competition and enable the Republic of Korea to advance as a space power.

On the 9th, at the Spring Academic Conference of the Korean Society for Aeronautical and Space Systems Engineering held in Gyeongju, Gyeongbuk, CEO Shin delivered a keynote speech titled "The Future of the Space Industry and Korea's Role," stressing the need to establish a development strategy reflecting Korea's industrial and technological landscape to secure a leading position in the space industry, which will serve as the foundation for national security and growth engines.

On the 9th, at the Spring Conference of the Korean Society for Aeronautical and Space Systems Engineering held in Gyeongju, Gyeongbuk, Shin Ik-hyun, CEO of LIG Nex1, is delivering a keynote speech on the topic "The Future of the Space Industry and Korea's Role."

The event was attended by notable figures including Son Jae-hong, Director of the Defense Technology Promotion Research Institute, Kang Gu-young, CEO of Korea Aerospace Industries, and Lee Jong-hoon, President of the Korean Society for Aeronautical and Space Systems Engineering.

CEO Shin said, "To compete with countries like the United States, where global aerospace companies such as SpaceX are based, and China and Japan, which have pursued state-led development policies, it is necessary to build a space industry infrastructure where the government and private sector can create the best synergy."

To this end, CEO Shin presented key tasks including △ role-sharing between government and private sectors considering the characteristics of each field △ providing incentives for promising companies to enter △ continuous satellite projects to maintain infrastructure such as personnel, facilities, and equipment for related companies.

CEO Shin Ik-hyun stated, "LIG Nex1 will continue research and development and investment to develop satellite solutions that will open the K-space era following K-defense."

LIG Nex1 is participating in projects such as the multipurpose practical satellite 6 SAR (high-performance imaging radar) payload, the geostationary orbit public complex communication satellite (Chollian 3), the Korean Positioning System (KPS), and the microsatellite system project led by the Agency for Defense Development.

In particular, the microsatellite system is expected to play a significant role in strengthening national security response capabilities on the Korean Peninsula and surrounding waters by operating complementarily with existing military reconnaissance satellites.

LIG Nex1 is also constructing an integrated satellite system/test facility through its own investment. Based on securing capabilities across the entire space business, LIG Nex1 plans to establish differentiated competitiveness in navigation, communication, observation, as well as satellite utilization and space situational awareness fields.

LIG Nex1 CEO Shin Ik-hyun.

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