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  • 기자명 Jung Hyun Ko
  • Tech & Bio
  • Published 2020.09.09 01:53

[Pangyo Investment Issue] Hancom Group to acquire space-drone company InSpace

- Hancom Group expands its business to drone service market and aerospace

- InSpace, the no. 1 company in satellite ground station and satellite and drone image analysis

- InSpace's fully automatic unmanned drone solution technology used...Intelligent drone service platform built

With this acquisition, the company plans toexpand its business to the drone-using service market and aerospace sector.

InSpace, acquired by Hancom Group, wasfounded in 2012 by CEO Choi Myung-jin from Korea Aerospace Research Instituteand is the no. 1 technology company in the aerospace satellite ground station.It has been attracting attention by its unrivaled technology mainly in thebuilding and operation of satellite ground stations and AI-based satellite/droneimage analysis.

Especially from last year, it has expandedits business to drone software by developing DroneSAT, an unmanned automationsystem that integrates technologies such as drone automatic take-off andlanding, wireless charging, multiple operation, and communication datacollection, control, and analysis. Drone Set includes an object detection,classification and reading module incorporating AI technology. This is expectedto be used in various ways, including various accidents, disaster detection,traffic and crime detection, environment detection, and site control ofagriculture, construction, and industry.

InSpace_Drone Set 1

Based on the drone set technology ofInSpace, Hancom Group built AI drone service platform by integrating variouselement technologies such as IoT, autonomous driving, and block chain owned byHancom Group. It also presented the vision to contribute to the realization ofsmart cities by local governments and governments with the intelligent droneservice..

For this, InSpace developed the unmanneddrone safety network technology through the MOLIT's Smart City ChallengeProject (drone automatically photographs accident sites and sends them to 119control room and firefighting site). By linking this to the fire safetyplatform which Hancom Lifecare is developing, you can secure more diversespatial information and expand the subjects of information sharing to the localgovernments and relevant public institutions. In addition, it is connected todrone mission training project which Hancom Academy is working on, Hancom MDS’sdrone charging and loading project, and Hancom Intelligence’s drone certifiedproject, and also actively participated in drone regulation sandbox, buildingan all-round system for commercialization of drone services.

In addition to the drone field, HancomGroup plans to gradually expand cooperation in the field of satelliteutilization services based on the technology of InSpace, which is promoting thedevelopment of a lunar exploration ground station.

InSpace_Drone Set 2

An official of Hancom Group said, "Thedrone industry is rapidly moving from aircraft to utilization service all overthe world. As the domestic drone market is also pursuing various projects witha focus on developing drone utilization services, we are expecting that we cansufficiently lead the domestic drone market when we integrate InSpace's flightdrone-related SW technologies and Hancom Group’s diverse technologies, businessexperience, network, and brand power.”

Market research firm MarketsandMarketreported that the global drone service market increased from 5.27 billion won($4.43 billion), 55.9% annually in 2019. By 2025, this is expected to be 75.59billion won ($63.64 billion). Recently in Korea, the Drone UtilizationPromotion and Foundation Establishment Act has been enacted in last May,actively fostering the drone service industry.

In February, Hancom Group signed a businessagreement with DJI, the world's no. 1 drone company, and is promoting droneeducation projects by establishing a cooperation system with domestic andforeign drone companies.


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