S. Korea to sell Arirang-2 images to Spot Image

S. Korea to sell Arirang-2 images to Spot Image

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Seoul, South Korea, 17 May 2007: The South Korean Ministry of Science and Technology said Spot Image Corporation will receive the images taken from the Arirang 2 satellite from June 1.

Spot Image will be given global distribution rights for the Arirang images, although it cannot sell them in South Korea, the United States and the Middle East. Sales for these areas are being handled by the state-run Korea Aerospace Research Institute (KARI).

The Science Ministry said under the deal signed in Paris, Spot Image must pay the KARI 60 percent of the earnings generated by the image sales for three years. If no sales take place in that period, the French company must give the aerospace institute $5.4 million.

Arirang 2, also called KOMPSAT 2, launched in July 2006, is equipped with a high-resolution, multi-spectral camera jointly developed by the KARI and Electro-Optics Industries Ltd. of Israel. It has a resolution of 1 meter.