[단독] KAI launches new satellites in partnership with Hanwha, AP Satellite, and Setrec Eye

Input 2021.01.29 10:55

Hanwha (000880), AP Satellite (211270), Setrec Eye (099320)Etc. listed companies Korea Aerospace (047810)It joined hands with the industry (KAI) and entered the next-generation satellite development business. These companies plan to take the lead in the related market amid growing interest in the private-led aerospace industry called’New Space’ around the world.

Recently, the Ministry of Science and ICT and the Ministry of Land, Infrastructure and Transport announced that Korea’s next-generation medium-sized satellite 1 will be launched at the Baikonur Space Center in Kazakhstan on March 20th. This launch is evaluated as the starting point for the domestic satellite development initiative to pass from the state to private businesses.

An official from the Ministry of Science and Technology said, “If the development of No. 1 was led by the Korea Aerospace Research Institute (HANG Woo-yeon), and KAI focused on the transfer of related technologies, in the case of Nos. 2-5, which are scheduled to be launched sequentially from next year, KAI will lead the development It is meaningful in that it comes out.”

It was confirmed that 67 domestic private companies are participating in the development of No. 1 led by Hang Woo-yeon and the No. 2 development that KAI will lead in the future. These companies will be in charge of assembly and testing, ground control reception, and image processing, from components such as modules, pipes, and reflectors that enter the satellite.

Many listed companies were also included. Hanwha and Hanwha Systems participate in the development of satellite propulsion systems and electronic optical systems, respectively. The AP satellite is in charge of assembling and testing the telemetry command system, and in the case of Setrec Eye, it is in charge of receiving and processing images. Youngpoong Precision (036560), LC(170920), Doowon Heavy Industries & Construction, etc. provide components for satellites.

Earlier this month, U.S. asset management company Arc Investment submitted a listing plan for an ETF related to’space exploration’ to the U.S. Securities and Exchange Commission (SEC). Ark is currently the most noted manager in the global ETF market, and their interest in the aerospace industry is expected to lead to supply and demand expansion.

Park Seung-jin, a researcher at Hana Financial Investment, said, “Korea is also increasing the investment scale by selecting the aerospace industry as one of the six promising new technologies in the future. The development of technology in the aerospace industry is not only for communication and internet services, but also for defense, travel, and resource mining It can be applied in a variety of fields such as areas, so there is a great synergy effect.”

Meanwhile, according to the Korea Exchange, on the 28th, Korea Aerospace ended the transaction at 31,150 won, down 1200 won (3.71%) from the previous day. As of this year, the stock price of Korea Aerospace has risen by about 20.7%. During the same period, Hanwha rose 18%, and AP Satellite also rose 17.9%. In the case of Setrec Eye, it rose 84.4%.

Setrec I is an affiliate of Hanwha Group in the aviation and defense sector. Hanwha Aerospace (012450)It is a satellite company that has decided to take over. Hanwha Aerospace announced on the 13th that it will acquire 20% of the stocks issued by Setrec I for about 59 billion won, and secure about 30% of the shares by acquiring convertible bonds (50 billion won). This year, Hanwha Aerospace rose 49.5%.