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This paper is a study on ways to strengthen space cooperation between South Korea and the European Union to develop South Korea's space competitiveness in the new space era. The European Union, along with the United States, Russia, and China, has state-of-the-art space technology as a space advanced country. South Korea's space development was able to develop significantly through cooperation with European countries. In South Korea, international cooperation to realize the space economy policy of the Yoon Seok-ryul administration and strengthen South Korea's space power is very important. By improving South Korea's space power through space cooperation with the European Union, South Korea's space science and technology will be developed and it will become a space economy powerhouse.