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ktsat is a South Korean satellite communication operator providing satellite broadcasting, data, and marine communications through its KOREASAT satellites, with global coverage across Southeast Asia, Indochina, Indonesia, India, the Middle East, and Africa. The company operates 5 satellites, including Koreasat-7 and Koreasat-5A launched in 2017, expanding its foreign customer base from 13 to 22 across 7 countries including the Philippines, Indonesia, and Thailand. Its 2017 revenues reached 140 billion won (~$120 million USD). As a wholly-owned subsidiary of KT Corp, ktsat recently contracted AscendArc in September 2024 for a new small-GEO satellite, valued under $100 million, targeting late 2027 delivery with 400-500 Gbps throughput. Youngsoo Seo serves as current CEO. ktsat was established on December 4, 2012, as a spin-off from KT Corp.
ktsat has 1 tracked investment across 1 company. The latest tracked deal is $33.0M Series A in Mangata Networks in January 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2022 | Mangata Networks | $33.0M Series A | Playground Global | Shunwei Capital, Alice Zhang, SAM Altman, Samir Kumar, MetaVC Partners, Promus Ventures, Scottish Enterprise, Temasek |
