Hanwa Systems (the South Korean conglomerate) is building and deploying a constellation of 2,000 satellites in low Earth orbit by 2030 in order to provide efficient connectivity between urban cargo delivery drones and passenger airplanes.
The defense and information technology wing of Hanwha Group is ready to make an investment of 500 billion South Korean won by 2030 so that there is socio-economic development. The investment is distributed amongst:
- LEO communications satellites
- Ultrathin electronically steerable antennas
- Satellite control systems
Choi Jae-woo (Senior executive – Hanwha’s satellite communications business) said in an online presentation, “The global competition is heating up over LEO satellite-based communications market, which has huge growth potential. With ample technology and expertise built upon 20 years of engagement in the military communications business, we will try to become one of the leading players in the market. Also, between 2023 and 2025, the scope of communications is limited to land and sea. It will be expanded to airplanes and Urban Air Mobility in 2025-2030, and to 6G internet by 2030,” he added.
The investment plan under the road map is as under for better clarity:
|Purpose of Investment||Amount in South Korean won|
|For developing communication technologies and satellite launch||$ 190 billion|
|For acquiring technological assets essential to launch satellite communications services||$ 120 billion|
|For building manufacturing facilities||$ 110 billion|
|For satellite communication technologies||$ 80 billion|
The trials will begin immediately after the first batch of satellites is launched in 2030, Choi Jae-woo added. The senior executive also added that the regular services are available till 2025 with a target of 5 trillion won annual sales by 2030 is achieved.
Another spokesperson from the company says that the company is relying internally on satellite development, antennas, and supporting systems. However, there is a switch to foreign sources for satellite launch vehicles.