12 South Korean Space Companies Vie for Thai Public Space Contracts

KASA to Attend Asia-Pacific Multilateral Meetings Oct. 26-30, Expand Space Cooperation
Dispatch Public-Private Delegation to Pursue Earth-Observation Satellite Constellation and Launch Site Projects

Twelve South Korean space companies are preparing to bid for projects to build an Earth-observation satellite constellation and a launch site in Thailand. The government plans to expand high-level cooperation networks on the sidelines of major multilateral space meetings in the Asia-Pacific region and support South Korean companies seeking to enter overseas public procurement markets.

The Korea Aerospace Administration (KASA) said on October 23 that it will attend multilateral space meetings in the Asia-Pacific region in Bangkok, Thailand, from October 26 to 30 and send a public-private delegation comprising 12 South Korean space companies.

The SpaceEye-T, a very-high-resolution Earth observation satellite developed by South Korea's Satrec Initiative. The Korea Aerospace Administration (KASA) plans to support 12 South Korean space companies, including Satrec Initiative, in entering Thailand's public-sector space market through Korea-Thailand Space Day, to be held in Thailand on the 30th. Provided by Satrec Initiative.

The delegation is being sent in response to demand for an Earth-observation satellite constellation and a launch site being pursued by Thailand’s Geo-Informatics and Space Technology Development Agency (GISTDA). It will seek opportunities for South Korean satellite manufacturers, launch vehicle companies and ground station operators to participate in Thailand’s space development projects.

The 12 participating companies are Nara Space, SpaceMap, Satrec Initiative, CSO, HD Hyundai Heavy Industries, LIG D&A, InSpace, CONTEC, CosmoB, TelePIX, Perigee Aerospace and Korea Aerospace Industries (KAI).

On October 30, KASA will host Korea-Thailand Space Day to help South Korean companies present their technologies and business capabilities and identify opportunities to collaborate with local public project stakeholders. The specific project scale, contract award schedule and likelihood of South Korean companies winning contracts have not yet been disclosed.

Before that, KASA will attend the 30th Intergovernmental Consultative Committee on the Regional Space Applications Programme (ICC on RESAP) on October 26-27 and the 5th Ministerial Conference on Space Applications for Sustainable Development in Asia and the Pacific (MC-5) on October 28-29. The meetings will discuss disaster response using space technology and approaches to sustainable development, among other topics, and KASA is also expected to participate in the adoption of a ministerial declaration.

At the 32nd Asia-Pacific Regional Space Agency Forum (APRSAF-32), taking place from October 27 to 30, KASA will discuss cooperation with representatives of major space agencies, including those from India, Japan, Thailand, the Philippines, Australia, the United Arab Emirates (UAE) and the European Space Agency (ESA).

KASA Administrator Tae seog Oh said, "The Asia-Pacific region is an emerging market with significant potential in the space sector, and we will use the high-level network established through these multilateral meetings to benefit South Korean space companies. We will build on this to support their successful entry into global markets."

This content was produced with the assistance of AI translation services.