JALUX Agrees to Strategic Partnership with South Korea's INNOSPACE Centered on Satellite Launch Services
JALUX, a trading firm of the JAL Group, has signed a strategic partnership and distributorship agreement with South Korean commercial space company INNOSPACE to provide satellite launch services in Japan, securing payload slots for the 2028 HANBIT rocket launch.
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- 📰 Published: April 23, 2026 at 19:00
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INNOSPACE Co., Ltd. (Headquarters: Sejong City, South Korea; CEO: Kim Soo-jong; hereinafter "INNOSPACE"), a South Korean private space company, and JALUX Inc. (Headquarters: Minato-ku, Tokyo; CEO: Toshiaki Kasai; hereinafter "JALUX"), a trading company of the JAL Group, signed a basic agreement on April 22 for a strategic partnership centered on a Launch Service Agreement (LSA) and a distributorship agreement focused on the Japanese market.
(Left) Kim Soo-jong, CEO of INNOSPACE (Right) Toshiaki Kasai, CEO of JALUX
With the signing of this LSA, JALUX has secured in advance satellite launch payload slots on INNOSPACE's transport rocket "HANBIT," scheduled for launch in 2028. At the same time, in order to build a continuous slot sales foundation primarily in the Japanese market, JALUX has signed a distributorship agreement for launch payload slots, aiming to establish a robust sales network that stably and rapidly provides INNOSPACE's launch services.
This partnership marks JALUX's first entry into the satellite transport business. By combining the commercial network JALUX has cultivated over many years in the aviation sector with INNOSPACE's satellite launch services, a system will be established to meet the demand for satellite launches, primarily in Japan. Furthermore, beyond just satellite launch services, the two companies will actively work on building a new space value chain and creating space businesses by synergizing their respective strengths.
[About INNOSPACE Co., Ltd.]
INNOSPACE is a South Korean private space company that develops launch vehicles using hybrid and methane rocket engine technologies. In March 2023, it successfully launched the test rocket "HANBIT-TLV," achieving the first successful launch by a private company in South Korea. Currently, it is securing multi-continental launch sites and advancing the orbital insertion mission for its first commercial rocket, "HANBIT-Nano," aiming to provide low-cost, low-latency space transport services.
Website: https://www.innospc.com/
[About JALUX Inc.]
JALUX is a trading company within the JAL Group that operates a wide range of businesses, including aviation/airports, life services, retail, and food. In addition to its strengths in the aviation and airport domains, such as aircraft parts business and overseas airport operations, it is broadly engaged in businesses closely related to people's daily lives, including real estate, insurance, environment-related, and food-related businesses. It is also taking on the challenge of creating businesses in new domains, starting with the space business.
Website: https://www.jalux.com/
(Left) Kim Soo-jong, CEO of INNOSPACE (Right) Toshiaki Kasai, CEO of JALUX
With the signing of this LSA, JALUX has secured in advance satellite launch payload slots on INNOSPACE's transport rocket "HANBIT," scheduled for launch in 2028. At the same time, in order to build a continuous slot sales foundation primarily in the Japanese market, JALUX has signed a distributorship agreement for launch payload slots, aiming to establish a robust sales network that stably and rapidly provides INNOSPACE's launch services.
This partnership marks JALUX's first entry into the satellite transport business. By combining the commercial network JALUX has cultivated over many years in the aviation sector with INNOSPACE's satellite launch services, a system will be established to meet the demand for satellite launches, primarily in Japan. Furthermore, beyond just satellite launch services, the two companies will actively work on building a new space value chain and creating space businesses by synergizing their respective strengths.
[About INNOSPACE Co., Ltd.]
INNOSPACE is a South Korean private space company that develops launch vehicles using hybrid and methane rocket engine technologies. In March 2023, it successfully launched the test rocket "HANBIT-TLV," achieving the first successful launch by a private company in South Korea. Currently, it is securing multi-continental launch sites and advancing the orbital insertion mission for its first commercial rocket, "HANBIT-Nano," aiming to provide low-cost, low-latency space transport services.
Website: https://www.innospc.com/
[About JALUX Inc.]
JALUX is a trading company within the JAL Group that operates a wide range of businesses, including aviation/airports, life services, retail, and food. In addition to its strengths in the aviation and airport domains, such as aircraft parts business and overseas airport operations, it is broadly engaged in businesses closely related to people's daily lives, including real estate, insurance, environment-related, and food-related businesses. It is also taking on the challenge of creating businesses in new domains, starting with the space business.
Website: https://www.jalux.com/