News of the WeekKorea

Laid-Off Satellite Group Sets Up Shop

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Science  21 Jan 2000:
Vol. 287, Issue 5452, pp. 409
DOI: 10.1126/science.287.5452.409a

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SEOUL-- When the Korean government decided that most of the Satellite Technology Research Center (SATREC), a university-based institute, should be absorbed by a larger government contractor, employees last month threatened a mass resignation in protest. Now they have started a company that will hire researchers as they are laid off from SATREC over the next 3 years. The new company will market their skills to developing countries and commercialize spin-off technology.