In a significant development, South Koreas Ministry of Science and ICT announced that its ambitious project to develop a low Earth orbit (LEO) satellite communications system has successfully passed a preliminary feasibility study. The ministry revealed that this groundbreaking project is set to officially commence next year, 2025.According to reports from Yonhap news agency, the ministry disclosed that the LEO project, often dubbed as South Koreas version of Starlink, is allocated a budget of 320 billion won (USD 234.3 million). The ultimate goal is to launch two LEO satellites utilising sixth-generation (6G) communications network technology by the year 2030.Facilitating Technological IndependenceApart from the satellite launch, the ministry is also planning to establish a demonstration LEO satellite communications system network. This initiative aims to support South Korean companies in independently developing crucial core technologies for the system. These technologies include satellite tracking, handover, links, and other essential components that will enable these companies to expand their global business footprint.Budget Allocation and Project CommencementWith the successful completion of the preliminary feasibility study, the ministry has been granted approval to allocate the necessary budget starting from next year, marking the official commencement of this groundbreaking project.Advantages of LEO SatellitesLEO satellites, positioned in orbits ranging from 300 to 1,500 km in altitude, offer distinct advantages such as high-speed communications with minimal latency due to their proximity to Earth compared to geostationary orbit satellites.Global Standardisation EffortsRecognising the potential of LEO satellite communications, global efforts led by the 3rd Generation Partnership Project (3GPP) are underway to standardise the technologies associated with LEO satellites. These efforts are crucial, as LEO networks have garnered attention for their ability to provide coverage to remote areas without geographical constraints.Future Outlook and Industry ImpactLooking ahead, the science ministry emphasised the importance for Korean companies gearing up for the 6G-based LEO satellite communications market, projecting significant growth in the 2030s once 6G standardisation is completed by 2029. Ryu Je-myung, head of the network policy department at the science ministry, expressed optimism about the projects potential to bolster South Koreas digital and space economy while enhancing competitiveness in the satellite communications industry.