Korea is in talks with developing countries to sell its commercial satellites and related technologies, the state-run space agency said. “We’re aiming to export our satellites as well as ground facilities starting this year,” Kim Seung-jo, president of Korea Aerospace Research Institute, told reporters on Thursday. “Countries in South America, Colombia in particular, have shown a great interest in buying our satellites,” he added.
Although he admitted that the agency still has no firm contract, he believes this year will be a turning point for the country’s commercial satellite development. “Our goal is to become a powerhouse in the satellite industry within the next 10 years,” he said, adding that the commercial satellite market will grow more than 50 percent within the next decade.
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