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Satrec Initiative

OPERATING 201-500 EMPLOYEES PUBLIC COMPANY

Designs and manufactures Earth observation satellites, electro-optical payloads, and ground systems for end-to-end GEOINT solutions

ABOUT

Satrec Initiative is a South Korean satellite manufacturer headquartered in Daejeon, founded in 1999 by engineers who developed the country's first satellite, KITSAT-1. The company designs, builds, and operates Earth observation satellites, developing all key subsystems in-house including electro-optical payloads, star trackers, sun sensors, and Hall-effect electric propulsion. Its SpaceEye series ranges from the 100 kg-class SpaceEye-W to the SpaceEye-T with 30 cm optical resolution. Satrec Initiative has delivered systems to customers in Malaysia, the UAE, Turkey, Singapore, and Spain. The company trades on KOSDAQ and is 36% owned by Hanwha Aerospace, with subsidiaries covering imagery distribution, AI-powered geospatial analytics, and radiation monitoring.

PRODUCTS & SERVICES
Electric propulsion system with power processing units and Hall-effect thrusters, flight-proven on DubaiSat-2 and Deimos-2
Sub-1 m resolution Earth observation satellite platform, successor to the SI-300 bus used in DubaiSat-2 and Deimos-2
700 kg-class Earth observation satellite platform with 30 cm optical resolution and 12 km swath width, basis for planned commercial constellation
100 kg-class mini-satellite platform supporting Earth observation, science, and telecommunications missions
High-performance satellite bus designed for very high resolution optical payloads under 0.5 m, adaptable for SAR missions
LOCATIONS
Daejeon, South Korea
RELATED COMPANIES
OVERVIEW
Founded 1999
HQ Daejeon, South Korea
Type Public Company
FINANCIALS
Ticker 099320
Exchange KOSDAQ
Revenue $133M
LEADERSHIP
President & CEO
Executive Vice President
CLASSIFICATION
DATA QUALITY
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Last Verified Jun 3, 2026