Korea eyes satellite sales to developing countries

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.

For full article see Korea Herald.

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