KT SAT Proposes Formation of 'Overseas Consortium' for Low Earth Orbit Satellite Business

[Asia Economy Reporter Eunmo Koo] KT SAT announced that it proposed a plan to strengthen business competitiveness through the formation of a 'LEO Alliance' among overseas regional operators for low Earth orbit satellite business (LEO) at the Euroconsult WSBW (World Satellite Business Week) 2021 event, which is attended by 95% of global satellite operators every year.

Song Kyung-min, CEO of KT SAT, stated, "KT SAT plans to participate not only in HTS satellites but also in low Earth orbit satellite business to secure sufficient satellite capacity, which is a basic condition for competitiveness in the satellite business. However, considering economic feasibility and rapid market entry, I would like to propose that our regional operators build an alliance together to jointly challenge the low Earth orbit satellite business."

He explained that relatively smaller regional operators need to provide multi-orbit satellite communication through a diverse service portfolio including low Earth orbit in order to compete with global operators such as SpaceX and Amazon.

At the same event, KT SAT also introduced a hybrid solution developed with proprietary technology by the KT Group. The hybrid solution is a technology that integrates multiple networks such as low Earth orbit, geostationary orbit, and 5G into one to enable seamless communication.

The company emphasized, "As satellites in various orbits gradually emerge in the future, this technology is expected to become an essential solution for communication operators to efficiently operate diverse networks."

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