Lumir

About Lumir

Lumir Inc. is a South Korean aerospace and defense company specializing in Synthetic Aperture Radar (SAR) satellite systems for Earth observation. Founded in 2009 by CEO Myeong-ryong (Myung-yong) Nam, the company has established itself by developing and manufacturing critical satellite components, many of which were firsts for South Korea, reducing the nation's reliance on imported space technology.

The company's core business involves the manufacturing of SAR satellite systems, providing satellite image and information services, and producing related electrical equipment. Lumir has been a key supplier for national space projects, including the Korea Aerospace Research Institute's (KARI) Next-Generation Medium-Sized Satellite series, and developed communication equipment for the KPLO lunar orbiter. A significant milestone was achieved in May 2023 with the successful launch of its Lumir-T1 cubesat on the Nuri rocket, demonstrating its technological capabilities.

Lumir is developing its own line of small SAR satellites, called LumirX, which are designed to provide ultra-high resolution (0.3m) imagery. These satellites feature multiple observation modes, including spotlight, stripmap, and wide-swath ScanSAR, to meet diverse client needs for applications in disaster management, environmental monitoring, defense, and resource exploration. The company plans to launch its first LumirX satellite in the first quarter of 2026 via SpaceX and aims to build a constellation of 18 satellites by 2030 to offer near-real-time data services globally. This strategy positions Lumir to compete with established players like ICEYE and Capella Space by offering high-quality data at a lower cost.

In addition to its space endeavors, Lumir has applied its magnetic bearing reaction wheel technology to develop and commercialize solenoids for large ship engines, supplying a major domestic engine company. The company went public on the KOSDAQ market on October 21, 2024, to fund the expansion of its LumirX constellation and R&D infrastructure.