[Asia Economy Reporter Eunju Lee] On December 6, Korea Asset Management Corporation (KAMCO) signed a Memorandum of Understanding (MOU) with the National Geographic Information Institute (NGII, Director Jo Wooseok) at the NGII seminar room in Yeongtong-gu, Suwon, to expand cooperation on land satellite imagery and spatial information.
This agreement was established to build a cooperative system between the two organizations to enhance the utilization of national spatial information and efficiently manage state-owned properties. The signing ceremony was attended by KAMCO President Kwon Namju and NGII Director Jo Wooseok.
According to the agreement, KAMCO will receive satellite images taken by Land Satellite No. 1 from NGII and incorporate them into KAMCO’s state-owned property system. Additionally, both organizations agreed to share opinions for the effective planning and development of future land satellites, including Land Satellite No. 2. To this end, they plan to hold joint research, seminars, and workshops related to spatial information fields.
The NGII has been operating Land Satellite No. 1, launched in March last year, on a regular basis to observe the Korean Peninsula and publicly release high-quality satellite images to both public and private sectors. The nationwide imaging cycle of the land satellite is short, ranging from 6 to 12 months, enabling the acquisition of the latest images of state-owned property management areas, which is expected to facilitate the understanding of property status.
KAMCO President Kwon Namju stated, “Through this agreement, a triple survey system of ‘aerial, drone, and satellite’ will be established, enabling more precise identification of state-owned property status,” and added, “By reflecting new technologies in the state-owned property system and strengthening cooperation with various organizations, we will efficiently manage state-owned properties, which belong to the people.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
