According to Yonhap News,

Gyeongsangnam-do announced that the Gyeongnam delegation, led by Governor Park Wan-su, signed an investment attraction and business agreement with ICEYE, a global small SAR (Synthetic Aperture Radar) satellite company from Finland, on June16th (local time) at a hotel in Copenhagen, Denmark.

With this agreement, the province and ICEYE will jointly explore the possibility of establishing a joint venture between ICEYE and local space-related companies in the region.

Additionally, they plan to promote various collaborative projects, including expanding the use of satellite data and fostering specialized talent.

The province explains that this agreement is significant, as it lays the foundation for strategic cooperation between Gyeongnam's space industry and ICEYE’s advanced satellite technology.

ICEYE is a global leader in the operation of SAR satellites for Earth observation.

SAR is a technology that uses radio waves to observe the Earth's surface, enabling high-resolution imaging even in cloudy weather or at night. It is used in various fields, including disaster monitoring, national security, and environmental monitoring.

ICEYE’s SAR satellites offer the industry’s highest resolution of 25 cm. To date, the company has successfully launched a total of 48 satellites for its own use and for clients.

ICEYE operates the largest number of SAR satellites in the world and can provide near real-time imagery information anywhere globally.

Governor Park stated, "The agreement between Gyeongnam-do, the center of South Korea's aerospace industry, and ICEYE will be a turning point for Gyeongnam's aerospace industry to expand into the global market. The province will do its best to support successful cooperation."


ksk@yna.co.kr

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Source: Yonhap News (June 16, 2025)

** This article was translated from Korean.