[2026 Future Enterprise Forum] "The Space Industry as a New Growth Engine... Securing the Technological Ecosystem Is the Key to Competition"

Opening Address by Jang Beomsik, CEO of The Asia Business Daily

Jang Beomsik, CEO of The Asia Business Daily, defined the space industry as a new market that can break through the limitations of the terrestrial economy, emphasizing that securing a lead in the technological ecosystem will be the key to future competition.

Jang Beomsik, CEO of The Asia Business Daily, is delivering the opening address at the 2026 Asia Future Business Forum held on May 13 at Lotte Hotel in Sogong-dong, Seoul, under the theme "Space Nomics, South Korea's Growth Engine Found in Space." 2026.5.13 Photo by Cho Yongjun

In his opening remarks at the 2026 Asia Future Enterprise Forum held at Lotte Hotel in Sogong-dong, Seoul, on May 13, Jang stated, "The space we are witnessing now is a new market where massive capital and technology converge, and a strong alternative to overcoming the boundaries of the terrestrial economy." He further diagnosed, "The stage of innovation is shifting from the ground to the sky."

Jang added, "Low Earth orbit satellite communications, which will complete the era of hyperconnectivity; space manufacturing, which will make processes impossible on Earth a reality; and the Moon and planets, which are treasure troves of limitless resources—space is no longer a vague fantasy," and continued, "Space has now become a business arena that has a tangible impact on the financial statements of our companies."

In particular, Jang stressed, "It is not just about owning technology, but about who can secure the ecosystem that the technology creates—that is what will determine the winner," adding, "We will seek the most practical and bold answer to how space can become the new growth engine for our companies."

The event, hosted by The Asia Business Daily and sponsored by the Ministry of Economy and Finance, Ministry of Science and ICT, Korean Chamber of Commerce and Industry, Federation of Korean Industries, and the Korea Aerospace Administration (KASA), was held under the theme "Space Nomics, South Korea's Growth Engine Found in Space."

Leading global space centers and domestic and international companies gathered to share their strategies for the space business and the latest technological trends, as well as to seek practical solutions to apply these advances to industry.

The event saw the attendance of key figures such as Noh Kyungwon, Deputy Administrator of the Korea Aerospace Administration (KASA); Amer Al Sayeh Al Ghaferi, Deputy Director for Space Engineering at the Mohammed Bin Rashid Space Centre (MBRSC); and Sean Wilson, founder and CEO of the Mirai Group (TMG), demonstrating high interest in the space industry.

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