Satrec Initiative
South Korea’s Satrec Initiative to build constellation of high-resolution Earth observation satellites
In the first step toward building its own constellation of Earth observation satellite, Satrec Initiative will send the high-resolution SpaceEye-T imaging satellite into low Earth orbit by the first quarter of 2024.
Hanwha Aerospace bets big on space business
Hanwha Aerospace, the leading aircraft engine producer in South Korea, is stepping up efforts to expand its space business.
Hanwha Aerospace claims 30% stake in Satrec Initiative
Hanwha Aerospace, South Korea’s largest defense company, announced plans Jan. 14 to invest approximately $100 million to purchase 30% of the shares of satellite manufacturer Satrec Initiative.
