An aerial view of the Jeju Hanwha Space Center on Jeju Island is seen in this undated file photo provided by Hanwha Systems. Yonhap

Hanwha Systems, a defense electronics and ICT solutions unit under Hanwha Group, said Monday it will hold a groundbreaking ceremony for a new space center on Korea's southern island of Jeju.

The Jeju Hanwha Space Center, set to be built at Hawon Techno Campus in southern Jeju, will serve as a satellite development and manufacturing facility spanning some 11,000 square meters, according to Hanwha Systems.

The construction of a two-story building with one basement floor is scheduled to be completed by the end of 2025.

The center will be capable of producing four to eight satellites per month by optimizing the production process and leveraging Hanwha's extensive experience in the space business.

Hanwha Systems said it will establish the Jeju Hanwha Space Center as a pivotal production base for satellite development and manufacturing in line with Korea's new space industry and expand its presence in both domestic and global space markets. (Yonhap)