S.Korea to develop maritime observation satellite

South Korea will embark on a plan this month to develop a maritime observation satellite capable of providing data on waters surrounding the Korean Peninsula, reported South Korean Yonhap News Agency on Tuesday. The envisioned geostationary satellite will be jointly designed and constructed by the Korea Aerospace Research Institute, the Korea Ocean Research and Development Institute and Astrium, a French satellite maker, Yonhap quoted the South Korean Ministry of Maritime Affairs and Fisheries as reporting.