This photo provided by Korea Aerospace Industries on Dec. 1, 2023, shows South Korea’s next-generation midsized satellite No. 2 in development. (Image courtesy of Yonhap)
SEOUL, Dec. 1 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI) said Friday it has signed a deal with U.S. space firm SpaceX to launch South Korea’s next-generation midsized satellite No. 2 in 2025.
It marks KAI’s second deal with SpaceX following a similar arrangement for the launch of the next-generation midsized satellite No. 4 signed in July of 2021. Financial terms of the deal weren’t disclosed.
Following the latest deal, KAI plans to launch both satellites into space on board the U.S. company’s Falcon 9 rocket. The satellites will be used in state projects, such as land resource management and disaster response missions.
KAI said the next-generation medium-sized satellite No. 2 had experienced delays in its launch due to external factors, such as the Russia-Ukraine war. The SpaceX deal was reached in collaboration with the government to prevent further delays in the launch, it added.
(Yonhap)
