KT SAT Unveils Multi-Orbit Satellite Business Strategy at Global Event

Presented at Paris WSBW 2022 Event

KT SAT announced on the 15th that it revealed its multi-orbit satellite business strategy at the Euroconsult WSBW 2022 event, which was attended by leading global satellite operators. The photo shows President Song Kyung-min (fourth from the left) explaining. Photo by KT

[Asia Economy Reporter Cha Min-young] KT SAT, a subsidiary of KT Satellite Services, announced on the 15th that it revealed its multi-orbit satellite business strategy at the 'Euroconsult WSBW,' an event attended by global satellite operators.

At this event held in Paris, France, from the 12th to the 16th, KT SAT met with satellite manufacturers to prepare for the flexible high-throughput satellite (HTS) business, one of the geostationary orbit satellites, and plans to find business partners after corporate due diligence next month.

The company explained that flexible HTS satellites differ from existing geostationary satellites in that they can adjust the antenna to modify the service area, making them a next-generation satellite service.

To prepare for the low Earth orbit (LEO) satellite business, KT SAT completed orbit design and frequency filing last year and also invested earlier this year in Mangata, a U.S. medium Earth orbit (MEO) satellite startup.

KT SAT emphasized that MEO and LEO satellites provide services suitable for urban air mobility (UAM), aircraft, and other mobility communications, and together with the recent strategic partnership KT signed with Hyundai Motor Group, they will contribute to leading the mobility market.

On the 13th, at a panel session held in Paris, KT SAT President Song Kyung-min discussed business strategy plans for regional satellite operators entering the LEO satellite service market with executives from Arabsat, Turksat, Hispasat, and Airbus. He said, "Domestic B2C (business-to-consumer) market demand is limited, but demand development is possible in the B2B (business-to-business) market," adding, "As KT SAT aims to be a multi-orbit service provider, it will meet customer demand through cooperation with LEO operators."

Meanwhile, KT SAT announced that in June it signed a satellite manufacturing contract with the French satellite manufacturer Thales Alenia Space and a satellite consulting and supervision contract with SatConsultant for the launch of the 6A satellite, which will succeed the mission of the Mugunghwa-6 satellite. On the 12th, it also signed a launch contract with SpaceX. KT SAT stated, "Through the successful launch of Mugunghwa-6A, we will respond to the rapidly increasing data demand in the Asian market."

This content was produced with the assistance of AI translation services.