Kolon Spaceworks Partners with Innospace for Space and Defense Business Collaboration

Ahn Sang-hyun, CEO of Kolon Spaceworks (left), and Kim Soo-jong, CEO of Innospace, are posing for a commemorative photo after signing a memorandum of understanding (MOU) to strengthen strategic cooperation in the space and defense sectors. Photo by Kolon Group

Kolon Spaceworks, an advanced composite materials specialist under Kolon Group, announced on the 24th that it has signed a Memorandum of Understanding (MOU) with Innospace Co., Ltd., a private space launch vehicle company, to strengthen strategic cooperation in the space and defense sectors.

Kolon Spaceworks has been collaborating with Innospace since March last year, supplying key components for Innospace's domestic private first test launch vehicle, 'Hanbit-TLV.'

According to the agreement, both companies will promote ▲ design, manufacturing, and mass production of space launch vehicle propulsion systems and fuselage structures ▲ development and mass production of defense application components based on launch vehicle technology ▲ joint discovery of new business opportunities related to space and defense ▲ collection and sharing of relevant industry information.

They also agreed to strengthen sales cooperation to expand new customers. Utilizing Kolon Spaceworks' composite material technology and Innospace's space launch vehicle technology, they plan to jointly develop and supply advanced components and systems used in the defense sector.

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