[Market Focus] Innospace Surges on Obtaining Korea's First Private Commercial Launch License

Innospace is showing a strong performance with a rise of over 7% following the news that it has obtained South Korea's first private commercial launch license.

As of 9:26 a.m. on October 20, Innospace is trading at 17,060 won, up 1,260 won (7.97%) from the previous session.

On this day, Innospace announced that it had received the country's first private commercial launch license from the Korea Aerospace Administration. Accordingly, Innospace has set the launch window for the 'Hanbit-Nano' and 'Spaceward' missions from October 28 to November 28 (Brazil time). The launch window refers to the period during which an actual launch is possible, and it was finalized through a public bidding process overseen by the Brazilian Space Agency and Air Force. The specific launch date and time will be determined in consultation with the Brazilian Air Force, taking into account weather conditions, technical inspections, and launch operations during this period. The launch will take place at the Alcantara Space Center, operated by the Brazilian Air Force, using a launch platform built by Innospace.

Previously, Innospace successfully completed the first-stage certification test (comprehensive combustion test) for its first commercial launch vehicle, Hanbit-Nano, last month at its own testing facility, the Goheung Comprehensive Test Site in Goheung, Jeollanam-do.