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Korea Aerospace Industries will invest 1 trillion won ($880,000,000) over the next five years to expand its space business, including satellite production.
Korea Aerospace Industries is working on acquiring or forming strategic partnerships with undisclosed companies to launch ground station and satellite imagery analysis services in two or three years.
Thales Alenia Space will share information with Korean Aerospace Industries and Hanwha Systems on building remote sensing satellites with synthetic aperture radar payloads.
Thales Alenia Space signed separate contracts with Korean Aerospace Industries and Hanwha Systems Corp. on 2018-12-05 to develop four high-resolution radar satellites for South Korea’s Agency for Defence Development.