"The Low Earth Orbit Industrial Revolution: The Path Ahead for Korea" … Minds Gather at the 'K-Space Forum'

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Amid the dawn of a space economy centered on Low Earth Orbit (LEO), the '2nd K-Space Forum' will be held next month to explore future strategies for South Korea's space industry. Domestic and international space experts, along with government and corporate officials, will gather to discuss concrete measures to strengthen global market competitiveness and identify key growth drivers.

MoneyToday's startup media platform, 'Unicorn Factory,' will host a forum on October 28 from 2:00 p.m. to 5:00 p.m. at the Plus Stage in Hall B of COEX in Samsung-dong, Seoul, under the theme "The Low Earth Orbit (LEO) Industrial Revolution: The Dawn of the Space Ecosystem."

Low Earth Orbit refers to the space approximately 160 to 2,000 kilometers above the Earth's surface. It is characterized by shorter communication delays and the ability to operate large-scale satellite constellations compared to Geostationary Orbit (GEO, 35,000 kilometers or more). The forum was organized based on the assessment that a more proactive response strategy is needed to capture the LEO market, which is rapidly expanding beyond communications into various business areas such as observation, defense, logistics, and manufacturing.

The forum will consist of five sessions covering global trends, policy, and industry. In the first session, an executive from Vantor (formerly Maxar), a U.S. satellite company, will speak on the latest trends and outlook for the global LEO market. In the second session, Kwon Hyeon-jun, Deputy Director-General of the Korea Aerospace Administration, will present on key space infrastructure policies, including the 'K-LEO' project, which is the Korean government's concept for a satellite communication network.

In the third session, the business strategy of Hanwha Group, a leading Korean space company, will be revealed. Kim Sun, Vice President and Head of Space Business at Hanwha Group, is expected to present plans for building an "LEO full value chain" spanning launch vehicles, satellites, and data solutions.

In the fourth session, in-depth expert discussions will continue on practical commercialization and revenue generation strategies for the space economy. Ahn Hyeong-jun, Team Leader at the Science and Technology Policy Institute (STEPI), will serve as moderator, while Park Jung-ho, Director of the Technology Commercialization Division at the Korea Aerospace Research Institute, Im Dong-ju, Jeon Ryak-sa-eop (Head) of Boryeong, Lee Kang-soo, CEO of Company K Partners, and Park Jae-pil, CEO of Nara Space, will participate as panelists.

In the final session, CEOs of space startups such as CSO, Walkerin Space, and Space Lab will take the stage to share their business models, technological competitiveness, and next-generation visions.

Lee Bok-jik, Joo Gong-hak-gwa (Prof.) at Seoul National University's Department of Aerospace Engineering, who serves as chair of the 'K-Space Forum,' stated, "This forum will be an opportunity to identify key strategies for South Korea to leap forward as a space power amid the rapidly changing global LEO market," adding, "We look forward to the great interest and participation of those in the space industry."

[MoneyToday startup media platform 'Unicorn Factory']