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INNOSPACE and UAE Space Agency Strengthen Cooperation

INNOSPACE
Credit: INNOSPACE

Ibadan, 3 June 2024. – INNOSPACE, a South Korean private spaceflight startup and the UAE Space Agency have signed a memorandum of understanding (MoU) to strengthen cooperation in space commercialization. Soojong Kim, CEO of INNOSPACE, and His Excellency Ibrahim Al Qasim, Deputy Director General of UAE Space Agency signed the MoU at a ceremony during the UAE Space Agency’s visit to Korea on May 31.

With the MoU, the UAE Space Agency aims to establish a collaboration with INNOSPACE, facilitating ongoing cooperation in the development of the space business and the realization of the space economy. Furthermore, both parties are looking to finalize the selection of the optimal launch site in the near future and commence the construction of a launch site. The facility will feature the necessary infrastructure for satellite launches, including a launch pad, launcher assembly facility, and a control center.

The UAE Space Agency delegation, led by HE Ibrahim Al Qasim, previously visited INNOSPACE in South Korea from January 31 to February 2. During their three-day visit, they toured all INNOSPACE facilities, including the paraffin-based solid fuel manufacturing plant in Sejong, the launcher assembly facility in Cheongju, and the rocket engine hot-fire test facility in Geumsan. The visit offered the opportunity for valuable discussions about new collaboration possibilities and future challenges.

During the signing, Kim explained, “We are happy to receive recognition from the UAE Space Agency for our space technology and capabilities in overseas launch operations. INNOSPACE is dedicated to making a significant contribution to the implementation of the UAE’s space commercialization plan. Furthermore, we anticipate that this opportunity will not only establish a foundation for our future entry into the launch service business in the Middle East but also contribute to securing demand for satellite launches.”

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