Hanwha teams up with KAIST to establish joint space research center

Hanwha teams up with KAIST to establish joint space research center
Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : May 17, 2021, 14:17 | Updated : May 17, 2021, 14:17
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[Courtesy of Hanwha]
SEOUL -- South Korea's Hanwha Group joined hands with a leading state research body to establish a joint space research center that would develop space technologies, starting with low-orbit satellite communication technology that uses lasers to exchange data between satellites.
The group said it would inject some 10 billion won (8.8 million) into the center set up by the Korea Advanced Institute of Science & Technology (KAIST) and Space Hub, a group-wide team led by Hanwha Solutions president Kim Dong-kwan, the eldest son of group chairman Kim Seung-yeon. The team will combine different products or services such as satellite components from Hanwha Systems and Satrec Initiative, a domestic satellite company controlled by Hanwha Aerospace.

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