SEOUL, May 29 (Korea Bizwire) — KT SAT Co., the satellite service arm of South Korea’s telecom giant KT Corp., said Wednesday it has partnered with a German low Earth orbit (LEO) satellite company to strengthen its service capacity. KT SAT signed a memorandum of understanding with Rivada Space Networks as its third partner for [...]
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 [...]
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 [...]
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 [...]
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., [...]
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 [...]
SEOUL, May 17 (Korea Bizwire) — South Korean airlines said Friday they will lower fuel surcharges on international routes next month to reflect a recent decline in jet fuel prices. Starting June 1, the surcharge for one-way tickets on Korean Air Co.’s international routes will be lowered to the range of 18,200 won-144,100 won (US$13-$106), [...]
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 [...]
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 [...]
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, [...]