Seoul Aerospace Sector
South Korea’s Aerospace Industry
South Korea has rapidly emerged as a significant player in the global aerospace industry over the past few decades. Since the late 1980s, the country has developed indigenous launch vehicles and satellite technologies, culminating in the successful launch of the Nuri rocket in 2022, showcasing its advanced capabilities.
The Korean government officially launched the Korea Aerospace Administration (KASA) in January 2024, setting an ambitious goal of capturing 10% of the global space market by 2045. This strategy includes landmark objectives such as landing on the Moon by 2032 and Mars by 2045. The government plans to support over 2,000 innovative aerospace companies, creating approximately 500,000 jobs through increased investment in the sector.
South Korea is also enhancing its international collaborations, with partnerships in place with leading spacefaring nations such as the United States and Japan, and more recently with the UAE. These collaborations are crucial for advancing space exploration, security, satellite technology, and resource utilization.
Seoul’s Role in South Korea’s Aerospace Industry
Seoul plays a crucial role in the advancement of South Korea’s aerospace industry, particularly in the areas of technological innovation and talent development. The city is home to numerous top-tier universities and research institutions, making it a hub for cutting-edge technology development and a breeding ground for future industry leaders. While key organizations like the Korea Aerospace Research Institute (KARI) are not located in Seoul, the city hosts various start-ups and research canters that actively contribute to the growth of the aerospace sector.
Seoul City supports the development of technologies connected to the Fourth Industrial Revolution, emphasizing innovations in artificial intelligence (AI), big data, and robotics as they intersect with aerospace technology. Moreover, Seoul facilitates international cooperation by hosting global conferences and forums related to space, providing a platform for domestic and international companies to network and collaborate. For instance, the city organizes various international technology expos and conferences each year, further solidifying its role as a global hub for the aerospace industry.
Seoul’s efforts align well with South Korea’s broader space strategy, and the city is expected to play an increasingly prominent role in the future growth of the aerospace sector.
Seoul & Space Business Events
Seoul Tourism Organization
Seoul Tourism Organization is the Seoul’s official destination marketing organization started as a public-private partnership in 2008 and relaunched in 2018 as a fully Seoul Metropolitan Government funded organization. The Seoul Tourism Organization provides various tourism products and services to attract more international visitors to Seoul as a global tourist city. Serving as a platform to encourage effective communication for tourism industries, including local communities, municipal agencies and academia is an important role to fulfil to continue preparing the city for the sustainable tourism destination.
Seoul Convention Bureau
Seoul Convention Bureau (SCB) is a division at Seoul Tourism Organization, an official organization fully funded by metropolitan government, representing the city Seoul in MICE industry to boost business and association events in Seoul.
SCB is dedicated to promote Seoul as a complete convention city using various means of content to show the world-class venues and services, participating in international conferences and exhibitions and organizing its own sessions. Preparation for the future MICE industry is also important that we provide education and experiences to trainees.
Support programs named PLUS Seoul at SCB are designed to enhance business events happening in the city with dedication to provide professional assistance for International Conference, Exhibition, and Corporate meetings and Incentive. Customizing the support is the core of our programs. Specialized consultation are available for all stages of bidding, promoting and hosting for International Conferences. In the same manner, benefits are available in all aspects of Corporate meetings and Incentives such as hospitality, souvenirs and tailor-made performances. PLUS Seoul is a customized business event experience to boost your business event experience with lasting stories and bonds.
At SCB, we believe in partnerships for the success of our work. Cohesive effort from Seoul MICE Alliance (SMA) that are business-sector alliances are 10 different categories of MICE industry and Seoul MICE supporters who are personnel aiding professionals come together to provide the best experiences to business event participants.
Seoul Key Contact
Jin Hyeok PARK
