Galileo – the European Programme for Global Navigation Services for civil purposes is an initiative led by European Union. We will provide regular updates to our readers on the Galileo programme. Just as South Korea plans to join Galileo, so do some companies from China and Israel
South Korea to join Galileo
Science and Technology Minister Oh Myung approved a plan to join a satellite- based navigation system project led by the European Union, in a bid to reduce its reliance on the United States’ GPS. The 3.4 billion euro Galileo project is expected to rival the GPS navigation system. South Korea will likely pay at least 5 million euros, or about 6.7 billion won, to participate in the project, the ministry said. If all goes as scheduled, a formal agreement will be sealed within this year. Joining the Galileo project is also expected to help South Korea widen its political, economic and scientific ties with the European Union, the ministry said.
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