KAI will create a joint venture to commercialize satellite data with the aim of making it public in 2027

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Korea Aerospace Industries (KAI) is setting up a joint venture with Meissa, a Korean aeronautical image analysis company, by the end of March to improve the application capability of satellite data.

The country’s leading aerospace and defense company said Wednesday that the joint venture would provide satellite imagery and information analysis services.

The joint venture plans to launch its product next year after obtaining the technology needed to process satellite imagery. According to KAI, its ultimate goal is to build a supply chain centered around KAI and expand into overseas markets by exporting its own satellite analytics and satellite video service.

The satellite video analysis service will be able to provide and analyze data that was previously unknown by converting 2D videos to 3D videos.

“Meissa has developed specialized technology that converts 2D video to 3D,” a KAI official said.

The satellite data that has been analyzed and processed can be used in various fields such as resource exploration, climate change detection, disaster response, as well as crop and oil price forecasting.

The JV will be created in March and aims to go public in 2027.

By impulse

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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