26 August 2017

News Story: S. Korea's military seeks five indigenous spy satellites by 2023

SEOUL, Aug. 25 (Yonhap) -- South Korea's military said Friday it will soon begin a full-fledged project to put five indigenous reconnaissance satellites into operation by 2023.

The implementation of the ambitious program, worth about 1 trillion won (US$880 million), has been delayed for more than four years amid conflict among the defense ministry, the science ministry and the National Intelligence Service over the details of the development and operation.

Under the decision made at the defense program committee, chaired by Defense Minister Song Young-moo, the Defense Acquisition Program Administration plans to pick a contractor for the initiative by the end of this year.

The scheme, code-named the "425 Project," is spearheaded by the national arms procurement agency and the state-run Agency for Defense Development (ADD).

It's aimed at establishing a military spy satellite system capable of collecting security-related information and intelligence on the Korean Peninsula and in nearby regions.

Read the full story at YonhapNews