Finnish Government News, According to reports on Thursday, South Korea is to sign a cooperation agreement with the EU in Helsinki 9 September concerning the European Satellite Navigation System, Galileo.
Finland will sign the agreement on behalf of the EU and its member states at the EU-Korea summit. The purpose of the agreement is to develop, support and increase cooperation between the parties in satellite radio navigation.
Galileo is to be brought into use in the year 2008. The system will challenge the status of the USA's GPS system as the world's only provider of information on precise positions. The ability of Galileo to ascertain one's precise position is set to be more advanced than that of the GPS system.
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