Private-led satellite development with a total investment of 600 billion won by 2031
Jointly planned project by the Ministry of Science and ICT and the Korea Meteorological Administration passes preliminary feasibility study
Cheollian 5 Imaginary Map. Provided by the Korea Meteorological Administration
, “[Financial News] Korea will invest 600 billion won by 2031 to develop the third geostationary meteorological satellite ‘Cheollian 5.’ In particular, as the government’s first satellite development led by a company, it is expected to contribute to enhancing private sector satellite development capabilities and activating the private-led space economy.”,
, “The Ministry of Science and ICT announced on the 23rd that the jointly planned project with the Korea Meteorological Administration, ‘Geostationary Meteorological and Space Weather Satellite Cheollian 5’ development project, has passed the preliminary feasibility study.”,
, ‘Cheollian 5 is the third domestic meteorological satellite following Cheollian 1 and Cheollian 2A. It is expected to operate as the world’s most advanced next-generation meteorological satellite observing weather and space weather in real-time 24 hours a day from an altitude of around 36,000 km over the equator when launched in 2031.’,
, ‘Chang-seon Lee, Director of Giant Public Research Policy at the Ministry of Science and ICT, said, “In the era of new space, the Cheollian 5 satellite development project will contribute to enhancing geostationary satellite development technology and creating an ecosystem for the space industry.”‘,
, ‘Amid increasing risks of disasters and hazards due to changes in the weather environment of the Earth and space, the importance of geostationary meteorological satellites as assets optimized for real-time detection and prediction of hazardous weather is increasing. Therefore, the Korea Meteorological Administration and the Ministry of Science and ICT jointly planned the geostationary meteorological and space weather satellite development project and plan to promote it as a cooperative project among multiple government agencies in the future.’,
, ‘In particular, the Cheollian 5 project plans to be the first in Korea where an industrial company takes the lead in developing a geostationary satellite. The lead research and development company will be in charge of the entire process of comprehensive system integration and satellite body development with participating research institutions. It is expected to enhance the development capabilities of our domestic industry in high-performance geostationary satellite development and contribute to the activation of private-led space economy.’,
, ‘The Cheollian 5 satellite development project is composed of tasks in the areas of systems and bodies, meteorological payloads, and space weather payloads. For the satellite’s systems and bodies, some of the public technologies obtained through domestic geostationary satellite development will be transferred to the private sector to increase development completeness and localization rates. ‘,
, ‘The meteorological payload will increase from the current 16 channels to 18 channels to strengthen monitoring and prediction of frequent hazardous weather phenomena and will develop to effectively respond to increasingly serious localized weather disasters by increasing the spatial resolution of some channels by 4 times. The space weather payload is expected to include high-energy proton and electron detectors optimized for space environment and polar radiation forecast, satellite redundancy surveillance instruments, and magnetometers. ‘]