June 11, 2018 – KT Corp., South Korea’s largest telecommunications company, said that its satellite business operator will gear up efforts to bring the next technology revolution to outer space as well as the Korean peninsula. KT SAT employees inspect satellite antennas at the Kumsan Satellite Service Center on June 7. KT SAT Co., Ltd., Korea’s only satellite service provider, aims to become the seventh-largest satellite operator in the world by 2025, up from its current 18th rank. To achieve this, it will focus on using latest 5G mobile technologies in outer space, applying quantum cryptography to satellite communication, and providing a blockchain service for secure data sharing. As two Koreas move toward peace recently, KT SAT expects to launch its satellite service in North Korea, a potential market for communications and broadcasting networks. KT Corp. has created a special task force to support inter-Korean cooperation and expand exchanges in ICT following April’s landmark summit between North and South Korea.