Calling for a KPS

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Calling for a KPS

Kim Ji-chan, CEO and president of LIG Nex1, gives a presentation at Goheung Naro Space Center on March 25, where he reiterated the importance of developing the so-called KPS, a Korean equivalent of GPS, at an event with President Moon Jae-in and Minister of Science and ICT Choi K-young in attendance. Kim said Korea’s satellite navigation system “heavily depends on U.S. GPS, which could lead to a panic situation when they stop providing the service” and added, "developing the country’s own [system] will lead to 60,000 jobs and generate seven trillion won [$6 billion] in economic value.” [LIG NEX1]

Kim Ji-chan, CEO and president of LIG Nex1, gives a presentation at Goheung Naro Space Center on March 25, where he reiterated the importance of developing the so-called KPS, a Korean equivalent of GPS, at an event with President Moon Jae-in and Minister of Science and ICT Choi K-young in attendance. Kim said Korea’s satellite navigation system “heavily depends on U.S. GPS, which could lead to a panic situation when they stop providing the service” and added, "developing the country’s own [system] will lead to 60,000 jobs and generate seven trillion won [$6 billion] in economic value.” [LIG NEX1]

 
 
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