KARI signs contract with KAI for satellite developmentKorea Aerospace Research Institute (KARI) will transfer its technologies to build systems and hardware for compact advanced satellites to Korea Aerospace Industries (KAI).
The two signed a technology transfer contract at KARI headquarters in Daejeon on Friday, the institute said. KARI and KAI aim to develop two units of 500 kilogram (1,102 pound) compact advanced satellites as part of government plans to expand space development.
The new satellites will be used to oversee the nation’s land and resources while also monitoring potential disasters. As the development will be held solely by Korean institutions, the project is also expected to ramp up the nation’s satellite business and related technology exports.
The construction for the first unit began in March 2015 led by KARI. Development is expected to end around October 2020.