● Establishing in-house satellite development and testing infrastructure to deliver fully integrated mission services
● ‘InnoSat-0’ test satellite completed, set for technology validation via ‘HANBIT-Nano’ launch in Q3 
● Leveraging proprietary propulsion technologies to enhance satellite maneuverability and mission performance

INNOSPACE announced today that it has taken a significant step toward becoming a fully integrated space platform company with the establishment of its Satellite Business Division, expanding its business scope beyond launch services to encompass the entire satellite value chain—from launch vehicle development and manufacturing to launch operations and data services.

INNOSPACE is building core infrastructure at its Cheongju Campus, including facilities for satellite development and manufacturing, system integration, operations and testing, and satellite antenna systems. Based on this infrastructure, the company is preparing integrated services tailored to customer-specific satellite design and manufacturing. Going forward, INNOSPACE plans to expand into satellite communications and data services through integration with ground stations, completing its end-to-end service business structure.

The newly established Satellite Business Division has completed development of its 3U CubeSat ‘InnoSat-0’ and plans to launch it via ‘HANBIT-Nano’ in the third quarter of this year to verify key technologies, including attitude determination and control systems (ADCS), satellite communications, power systems, and orbital control.

‘InnoSat-0’ is a test satellite designed to validate satellite performance and stability in actual operating environments and will be used to secure foundational technologies for future commercial satellite services. This launch is expected to serve as the first case in which a private launch company in South Korea demonstrates full-cycle capabilities from satellite development to launch and operation.

This move comes amid a broader shift in the New Space era, where the industry is rapidly evolving toward vertically integrated models that combine launch services with satellite operations and data-driven businesses. Companies with in-house launch capabilities are particularly well-positioned to accelerate innovation, as they can rapidly iterate and validate satellite technologies through repeated launches.

INNOSPACE plans to leverage its ‘HANBIT’ launch vehicle series to continuously refine its satellite technologies, while applying its proprietary propulsion expertise to enhance orbital maneuvering and operational flexibility. Through these efforts, the company aims to build differentiated capabilities in handling complex and demanding satellite missions.

“The establishment of our Satellite Business Division marks a pivotal milestone in our journey to become a fully integrated space platform provider,” said Soojong Kim, Founder and CEO of INNOSPACE. “By expanding beyond launch services into satellite manufacturing and applications, we aim to accelerate vertical integration, diversify our revenue streams, and strengthen our global competitiveness, ultimately delivering greater value and satisfaction to our customers.”

▲ INNOSPACE’s test satellite “InnoSat-0” ▲ Employees of INNOSPACE’s Satellite Business Division assembling “InnoSat-0”

▲ Ground station antenna installed at its Cheongju Campus