Innospace's Hanbit-TLV test rocket at the Alcantara Launch Center in northern Brazil. [INNOSPACE] Korea wants in on the growing commercial launch service market where overseas players such as SpaceX are taking the lead, amid an accelerating space race in the private sector. As the next two or three years will likely be the 'golden hour' for Korea to enter the global space launch service industry, the government promised financial and administrative support for the private launch service providers in the country.

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