More countries and corporations are now aiming for outer space, and Samsung appears to be doing the same. Recent reports from Korea state that Samsung C&T has kicked off a “space plant” project.

Earlier this year, Samsung Electronics' Research arm hired space experts for the first time. More recently, the Korean tech giant has reportedly entered the early stages of researching and developing space infrastructure solutions, including rocket launch facilities and launch pads.

In tandem with these developments, Samsung reportedly signed an agreement with the Korean Astronomy and Space Science Institute on May 7. The purpose? Co-develop secondary payloads for a CubeSat (a small cube-shaped satellite — via Wikipedia), which will be aboard NASA's Artemis II test flight.

Through this endeavor, Samsung Electronics wants to test next-generation in-house semiconductors in Earth's high orbit and the high-radiation environment. In recent years, Samsung has also:

As for Samsung's new and grander goals, i.e., developing space infrastructure, experts say that rocket launch pads and spacecraft components are a new growth engine for South Korea.

More so, South Korea has vast experience in building ultra-high-rise structures and Arctic and deep-sea industrial plants. Space industry watchers believe this could help the country gain a competitive edge.

Researchers believe that the space launch market in the USA should grow from $5.1 billion in 2025 to about $18.7 billion by 2034.

Expanding into outer space seems like a natural move for Samsung Group. The tech giant has a fascination with space, hence the Galaxy brand. Besides, Samsung Heavy Industries is one of the world's largest watercraft manufacturers. Space exploration only seems like the final frontier.