Satrec Initiative

Satrec Initiative
Hangul	쎄트렉아이
Revised Romanization	Sseteurek Ai
McCune–Reischauer	Sset'ŭrek Ai

Satrec Initiative Co., Ltd.
Native name	주식회사 쎄트렉아이
Company type	Public
Traded as	KRX: 099320
Industry	Aerospace; Defense;
Founded	29 December 1999
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 (2022)
Operating income	₩−77 billion (2022)
Net income	₩−28 billion (2022)
Total assets	₩258.8 billion (2022)
Total equity	₩121.2 billion (2022)
Owner	Hanwha Aerospace (36.31%); Park Seong-dong (10.45%); Employee stock ownership (1.83%); Other (0.12%);
Number of employees	383 (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 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.