Innospace

Innospace, founded in 2017 in South Korea, is developing hybrid-propellant launch vehicles (the Hanbit series) to provide small satellite launch services. In March 2023, Innospace launched its Hanbit-TLV suborbital test rocket from Brazil, marking the first rocket launch by a South Korean private company. The company aims to deliver cost-effective and flexible launch solutions with its orbital rockets, such as Hanbit-Nano and Hanbit-Micro, designed for the small satellite market.