As SpaceX establishes itself as a symbol of the global space industry's growth, South Korea is also moving to secure industrial competitiveness in preparation for the era of the space economy. Samjeong KPMG Economic Research Institute predicted that the domestic space tech industry will grow centered around three core pillars: infrastructure, communication, and data.

[Three Growth Pillars of Space Tech] According to the 'Growth Strategy for South Korea's Space Tech Industry' report released by Samjeong KPMG Economic Research Institute, the space industry is evolving into a future growth industry combining communication, data, and artificial intelligence (AI), moving beyond the limited realm of rocket and satellite development.

• Infrastructure (Infra): Based on launch vehicle and satellite manufacturing technologies, the space transportation and infrastructure construction market is expected to expand. In particular, the analysis is that the global space industry ecosystem is growing rapidly as SpaceX dramatically lowers space launch costs through reusable rockets.
• Communication: As the low Earth orbit satellite communication market grows, new service models combining existing terrestrial communication networks and satellite networks are expected to emerge. SpaceX, which operates Starlink, is evaluated as a representative satellite communication operator.
• Data: The market for utilizing Earth observation information collected via satellites, along with weather, logistics, defense, and disaster response data, is expanding. With the advancement of AI technology increasing the analytical value of satellite data, the growth potential of related industries is also rising.

[Space Tech Theme Stock Trends in the Stock Market] Space tech-related stocks are also steadily receiving attention in the domestic stock market. As of the morning of the 8th, Sphere was traded at 29,300 won, and Kenko Aerospace at 20,650 won. In addition, HVM showed a strong trend at 94,700 won, and Aju IB Investment and Mirae Asset Venture Investment are also drawing market attention alongside the space industry investment theme.

In terms of individual stock competitiveness, Kenko Aerospace holds an edge in the aerospace structures manufacturing sector, while HVM is cited as a beneficiary of the expansion of the aerospace industry based on its special metal materials technology.

[The Future of South Korea's Space Industry] The market evaluates that SpaceX's success is promoting an expansion of global space industry investment, going beyond the growth of U.S. space companies. Expectations for related industries are continuing in South Korea as well, as the country pushes to build a private-sector-led space economic ecosystem following the launch of the Korea AeroSpace Administration.

Samjeong KPMG Economic Research Institute projected, "Based on its manufacturing competitiveness and ICT technological prowess, South Korea can secure new growth opportunities in the fields of space infrastructure, satellite communication, and data services," adding, "In particular, the market where AI and space data combine will become the core growth area of the domestic space industry going forward."

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