The Korea AeroSpace Administration has included the development goals of reusable launch vehicles and high-resolution satellites and low-orbit satellites in the '4th Basic Plan for the Promotion of Space Development,' which is the national mid- to long-term space development roadmap, leading to strong stock performance in related sectors.
Hanwha System shares traded at 54,100 won on the KOSPI market at 1:48 p.m. on the 2nd. The stock price rose by 5.87% (3,000 won) from the previous day. At the same time, the stock prices of Korean Aerospace and Satrec Initiative were also strong.
This suggests that investors have flocked to the national aerospace strategy. The Korea AeroSpace Administration announced that it will hold a public hearing on the establishment of modification plans for the 4th Basic Plan for the Promotion of Space Development on the 3rd. The 4th Basic Plan for the Promotion of Space Development, established in 2022, contains details regarding space development from 2023 to 2027.
The Korea AeroSpace Administration has decided to reflect changes in the latest technology in the basic plan. ▲ Early acquisition of national core reusable launch vehicles ▲ Development of small and medium-sized reusable launch vehicles ▲ Development of high-resolution satellites and low-orbit satellites will be included.