SEOUL, December 02 (AJP) - Nara Space Technology, South Korea’s only commercial provider of small-satellite platforms, is preparing to list on the KOSDAQ market as it seeks to scale its global business on the back of growing demand for earth-observation data.
At a press conference in Seoul, Tuesday, CEO Park Jae-pil said the company aims to become a world-class small-satellite developer, leveraging the “space heritage” it has accumulated through successful launches and in-orbit operations ahead of its IPO.
The company plans to issue 1.72 million shares at a price range of 13,100 to 16,500 won, raising an estimated 22.5 billion to 28.4 billion won. Institutional bookbuilding closes on Dec. 2, with retail subscriptions scheduled for Dec. 8–9.
The company aims to complete its listing within December. Samsung Securities is acting as lead underwriter.
“We are the only company in South Korea capable of providing small-satellite cluster services,” Park said. “Funds raised from the listing will be used to expand internationally and speed up satellite launches.”
Founded in 2015, Nara Space Technology has grown into the country’s sole commercial supplier offering end-to-end capabilities spanning satellite design, manufacturing, launch, mission operations, imaging and data analytics.
The company secured its space heritage after successfully launching and communicating with its Observer-1A satellite in November 2023 and its Observer-1B in 2025. It now operates two satellites in orbit.
Nara Space Technology’s recent payload launch on South Korea’s Nuri rocket, and its contract to fly again on Nuri’s sixth mission in 2027, have strengthened its credibility. The firm is working with major Korean companies including Samsung Electronics, KT and Hanwha Systems.
Its cluster-based observation platform shortens revisit intervals compared with single-satellite systems, offering applications in disaster response, carbon-emission monitoring and smart-city management.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Copyright ⓒ Aju Press All rights reserved.
