THE KOREA ECONOMIC DAILY, GLOBAL EDITION

South Korea's Hanwha Systems Co. said on Monday that it signed a mid- to long-term business cooperation memorandum of understanding (MOU) for space business development with WB Group, Poland's largest private defense contractor, in Poland last Wednesday.

Under the MOU, the two companies agreed to collaborate on joint marketing and small Synthetic Aperture Radar (SAR) satellite projects in Poland and Europe.

Hanwha Systems strengthens its cooperation with Polish defense companies to participate in Poland's small SAR satellite program, promoted by the Polish Ministry of Defense.

Last year, Hanwha Systems also signed an MOU with Polish satellite company Creotech to enter the European small satellite market.

Write to Hyeon-woo Oh at ohw@hankyung.com