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NST launches platform to boost technology commercialization in South Korea

The article from Chosun Biz discusses the increasing trend of South Korean companies investing in space technology, driven by the global space race and the potential for commercial opportunities. It highlights how South Korea is not only focusing on national space projects but also encouraging private sector involvement. Companies like Hanwha Aerospace and Korea Aerospace Industries (KAI) are stepping up their efforts in satellite manufacturing, launch services, and space exploration technologies. The government has launched initiatives like the Space Development Promotion Act to foster this growth, aiming to make South Korea a significant player in the global space industry. The article also mentions the collaboration with international partners and the ambition to tap into the lucrative space economy, which is expected to grow significantly in the coming years.

Read the Full Chosunbiz Article at:
[ https://biz.chosun.com/en/en-science/2025/03/25/MHXARHQLGJA4TJDL3TI6HV6J7U/ ]