[Special Stock] Seojin System Rises on News of 300 Billion KRW Equipment Supply to Musk's SpaceX

Seojin System is showing strong performance. It is believed to be influenced by news that it will supply gateway and web equipment worth 300 billion KRW to SpaceX, the American company led by Elon Musk, CEO of Tesla.

As of 2:36 PM on the 6th, Seojin System is trading at 30,450 KRW, up 11.13% compared to the previous day.

According to industry sources, Seojin System has secured a purchase order (PO) worth 300 billion KRW for gateway and web equipment from SpaceX. The web equipment is used for data exchange between users and terrestrial networks, while the gateway connects satellites and terrestrial networks.

The equipment supplied by Seojin System is expected to contribute to signal transmission and reception in Starlink. The reason Starlink is considered an alternative to physical communication network disruptions is that it uses low Earth orbit satellites instead of terrestrial base stations. By installing chips capable of data transmission and reception in specific terminals or antennas, users can access the internet by receiving signals from satellites orbiting the Earth without going through terrestrial base stations and repeaters.