Space industry experts view the space infrastructure market, including rocket launch pads and spacecraft components, as a new growth engine for South Korea, as the country is trying to catch up with global space leaders.“South Korea is one of the few countries capable of transferring its manufacturing strengths from semiconductors and nuclear power to offshore plants into the space industry,” said Park Hyeong-jun, a professor of aerospace engineering at Seoul National University.
Samsung Group is stepping up efforts to venture into the space infrastructure industry, a sector analysts say remains a blue ocean where South Korea could secure a first-mover advantage.Samsung C&T Corp.recently kicked off early-stage research and development on a so-called “space plant” project that includes the construction of a rocket launch facility, according to industry sources on Tuesday.
For South Korea to join the ranks of the world’s top five space powers, experts argue the country should prioritize building launch infrastructure and advancing space components and manufacturing tools, rather than pouring resources into high-cost deep space exploration or into rocket development, both of which have high technological barriers.
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