Hyundai Rotem is moving to bolster its business capabilities through space industry cooperation with Korea Aerospace University.
Hyundai Rotem said on the 11th that it signed a memorandum of understanding (MOU) for technology development in the space industry with Korea Aerospace University in Songpa-gu, Seoul, on the 8th.
Through this agreement, Hyundai Rotem and Korea Aerospace University agreed to comprehensively cooperate on a range of agendas to develop Korea's space industry, including: ▲ strengthening joint research on next-generation space technologies and commercialization capabilities ▲ establishing a virtuous cycle system and network for technological and academic information ▲ nurturing on-site–focused future space talent.
First, to strengthen joint research on next-generation space technologies and commercialization capabilities, the two sides agreed to cooperate on joint planning and execution of national research and development projects for launch vehicles, satellites, and space exploration; technical verification support by Korea Aerospace University's expert group for projects carried out by Hyundai Rotem; and joint use of research infrastructure.
To build a virtuous cycle system and network for technological and academic information, they will share global space industry trends and the latest academic information and exchange technologies. They plan to solve technical challenges on the industrial front through this. To nurture on-site–focused future space talent, they agreed to jointly develop and operate a customized, space-specialized curriculum that reflects Hyundai Rotem's business needs.
Hyundai Rotem has selected the aerospace industry as a new business and is strengthening its capabilities. For future growth sectors including the aerospace industry, it decided to carry out a total of 1.8 trillion won in research and development (R&D) and facility investments over three years from this year to 2028. Compared with the 503.1 billion won invested over the previous three years (2023–2025), this is an expansion of at least fourfold.
A Hyundai Rotem official said, "With this agreement, we expect to strengthen our space technology capabilities by establishing a collaboration system with Korea Aerospace University's expert group and research infrastructure," adding, "We will put a strong drive behind the space business and build a virtuous cycle that promotes mutual growth with partner companies contributing to the development of the domestic space industry."