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South Korea Officially Launches Its Inaugural Space Agency

South Korea Officially Launches Its Inaugural Space Agency

SEOUL, May 27 (Korea Bizwire) – The Korea AeroSpace Administration (KASA) officially opened its doors Monday to devise South Korea’s space policy and foster the growth of the country’s space industry. KASA, the country’s full-fledged space agency, was established in Sacheon, about 300 kilometers south of Seoul. The agency’s 293-strong workforce will be filled in [...]

Foreign Airlines Surpass Domestic Rivals in April International Passenger Numbers

Foreign Airlines Surpass Domestic Rivals in April International Passenger Numbers

SEOUL, May 26 (Korea Bizwire) – The number of passengers on foreign airlines for international routes outpaced those of South Korea’s two full-service carriers in April, data showed Sunday, amid a rise in the number of overseas tourists visiting the country. The number of passengers for routes in and out of South Korea on foreign [...]

S. Korea to Develop LEO Satellite Communications System by 2030: Science Ministry

S. Korea to Develop LEO Satellite Communications System by 2030: Science Ministry

SEOUL, May 23 (Korea Bizwire) — The science ministry said Thursday its project to develop a low Earth orbit (LEO) satellite communications system has passed a preliminary feasibility study and will officially begin next year. The 320 billion-won (US$234.3 million) LEO project, also known as South Korea’s Starlink, aims to launch two LEO satellites based [...]

Hanwha Chairman Calls for Turning Defense Units into Global Export Powerhouse

Hanwha Chairman Calls for Turning Defense Units into Global Export Powerhouse

SEOUL, May 21 (Korea Bizwire) — Hanwha Group Chairman Kim Seung-youn has called for turning the conglomerate’s defense affiliates into a global export powerhouse, as it seeks growth by selling beyond its main export destinations in Europe. Kim made the remarks as he visited a plant of the group’s key defense unit, Hanwha Aerospace Co., [...]

NASA Officials Upbeat about Greater Space Cooperation with S. Korea

NASA Officials Upbeat about Greater Space Cooperation with S. Korea

WASHINGTON, May 16 (Korea Bizwire) — Officials of the U.S. National Aeronautics and Space Administration (NASA) expressed expectations for greater space cooperation with South Korea on Thursday, as the two countries are widening the scope of their alliance beyond its longstanding security focus. Mark Clampin, NASA’s astrophysics division director, and John Wisniewski, a NASA scientist [...]

Korean Air Acclaimed for First Class Dining by Premier Travel Magazine

Korean Air Acclaimed for First Class Dining by Premier Travel Magazine

SEOUL, May 15 (Korea Bizwire) – Korean Air has been honored for its first class in-flight dining by a prestigious travel publication, highlighting the airline’s dedication to elevating the culinary experience at 35,000 feet. The carrier was named the recipient of the Best First Class Catering award at the 2024 Leisure and Lifestyle Travel Awards presented [...]

Airbus’ Defense, Space Arm to Launch Research Center in S. Korea

Airbus’ Defense, Space Arm to Launch Research Center in S. Korea

SEOUL, May 10 (Korea Bizwire) – The industry ministry said Friday it has inked a memorandum of understanding with Airbus SE for the European aerospace giant to launch a new research and development (R&D) center in South Korea. Industrial Policy Director General Lee Seung-ryeol reached the agreement during his meeting with Francisco Segura, the chief [...]

Hanwha Systems to Break Ground on Space Center on Jeju Island

Hanwha Systems to Break Ground on Space Center on Jeju Island

SEOUL, Apr. 29 (Korea bizwire) — Hanwha Systems Co., a defense electronics and ICT solutions unit under Hanwha Group, said Monday it will hold a groundbreaking ceremony for a new space center on South Korea’s southern island of Jeju. The Jeju Hanwha Space Center, set to be built at Hawon Techno Campus in southern Jeju, [...]