Satrec Initiative

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Satrec Initiative Co., Ltd.

Native name	주식회사 쎄트렉아이
Company type	Public
Traded as	KRX: 099320
Industry	Aerospace Defense
Founded	29 December 1999; 24 years ago (1999-12-29)[1]
Founder	Choi Soon-dal Park Seong-dong Kim Byeong-jin
Headquarters	21, Yuseong-daero 1628beon-gil, Yuseong-gu, Daejeon , South Korea
Area served	Worldwide
Key people	Kim I-eul (CEO)
Products	Satellites Secure satellite Imaging systems Mobile ground receiving processing systems UAV ground control systems
Revenue	₩91.4 billion[2] (2022)
Operating income	₩−77 billion[2] (2022)
Net income	₩−28 billion[2] (2022)
Total assets	₩258.8 billion[2] (2022)
Total equity	₩121.2 billion[2] (2022)
Owner	Hanwha Aerospace (36.31%)[2] Park Seong-dong (10.45%)[2] Employee stock ownership (1.83%)[2] Other (0.12%)[2]
Number of employees	383[1] (2024)
Website	Official website in English Official website in Korean

Satrec Initiative Co., Ltd. (Satrec I; Korean: 쎄트렉아이; RR: Sseteurek Ai) or SI is a South Korean satellite manufacturing company headquartered in Daejeon, South Korea^[3] The company was founded in 1999 by the engineers who developed the first Korean satellite (KITSAT-1) at KAIST SaTRec (Satellite Technology Research Center). The company designs and builds Earth observation satellites called SpaceEye-series, and it provides various space components, including high resolution electro-optical payloads and star-trackers. SI's first satellite was a Malaysian Earth observation satellite, RazakSAT launched in 2009. SI has two subsidiaries: SI Imaging Services (SIIS) is the exclusive image data provider of KOMPSAT-series, and SI Analytics (SIA) provides AI-native GEOINT solutions for satellite imagery. SI also spun-off SI Detection (SID), which provides radiation monitoring solutions.^[buzzword]