Sewon ENC Signs MOU with Russia's Success Rocket to Promote Ultra-Lightweight Satellite Rocket Development

[Asia Economy Reporter Hyunseok Yoo] Sewon ENC announced on the 24th that it has signed a Memorandum of Understanding (MOU) with Russian rocket specialist company Success Rockets to actively promote a new satellite rocket business.

Through this MOU, Sewon ENC plans to establish a joint venture (JV) with Success Rockets and expand the Korean-style ultra-light satellite rocket business jointly with its subsidiary SPACE SEWON.

Success Rockets is a Russian company possessing its own rocket manufacturing technology and has developed the commercial solid-fuel rocket ‘STALKER’. It is the only private Russian space launch vehicle manufacturer to have successfully launched pilot rockets twice and is currently preparing for the final launch test.

Sewon ENC is a company with technological expertise in manufacturing and operating pneumatic and hydraulic equipment for space launch vehicles. In the Korean launch vehicle Nuriho development project launched last month, it successfully designed, manufactured, and operated pneumatic and hydraulic equipment such as erectors (facilities that set the launch vehicle vertically), transfer devices, fixing devices, and access platform systems.

On the 10th, Sewon ENC established its subsidiary SPACE SEWON to promote the new satellite rocket business. SPACE SEWON plans to receive the design and manufacturing technology of Success Rockets’ ‘STALKER rocket’, build a rocket production base domestically, and create an environment capable of stable research and production.

Additionally, SPACE SEWON is pursuing collaboration with domestic companies possessing satellite and rocket launch vehicle manufacturing technologies to develop Korean-style ultra-light rockets.

A Sewon ENC official stated, “Following the launch of Nuriho, the transition from state-led space development, Old Space, to private-led New Space has begun. We expect the growth potential of the Korean-style ultra-light satellite rocket business promoted by Sewon ENC to be very high,” and added, “In the future, Sewon ENC, Success Rockets, and SPACE SEWON plan to work closely together to accelerate the new satellite rocket business.”