컨텍
Founded 2015 · 446 employees on LinkedIn · Public · 4 known investors
CONTEC operates the Eum ground station network worldwide and provides an all-in-one service to receive, process, and analyze satellite data for space missions. The company serves the space industry as a ground station and satellite data solutions provider.
Also known as (주)컨텍 · CONTEC · CONTEC Co., Ltd · 주식회사 컨텍
Investors · 4
Company profile
researched Aug 2026CONTEC Co., Ltd. (컨텍) is a South Korean aerospace company that supplies satellite data total solutions across the space industry downstream segment. It supports space missions through its globally distributed "Eum" ground station network and markets an "all-in-one" offering covering satellite data reception, pre-processing, and analysis. Its published solution lines include ground station system engineering (turn-key ground station design and construction, site environment analysis, ground station operating software), Ground Station as a Service (global ground station network service and ground station hosting), data pre-processing for optical/EO and SAR satellite imagery, satellite imagery analysis via its SPACE STUDIO product, satellite control (mission control operations and control software engineering), and satellite imagery distribution, where it acts as an authorized reseller of KOMPSAT data and distributes ICEYE and its own Oreum satellite imagery.
The operational workflow described by company staff runs from receiving low-Earth-orbit imagery at ground stations, through decryption and pre-processing to remove unnecessary information, to deep-learning-based processing that converts data into customer-usable products distributed through a web platform. CONTEC participated in the first through third Nuri (KSLV-II) launch missions. Internally the company is organized into a management division, a business system management office, and three business divisions covering ground segment hardware and MRO plus Jeju ground station operations; new business, satellite control software and satellite control (including operating CONTEC's Oreum satellite, CONTECSAT-1); and space security, satellite image quality, optical and SAR image technology, ground station platform and GIS platform teams.
The company has said it plans to expand into adjacent areas such as commercial launch site construction and small satellite manufacturing, and has discussed securing land on Jeju Island for a planned "Space Park" with an antenna farm and training facilities."]
Founding story
CONTEC was founded on 5 January 2015 by Lee Seong-hee as a technology spin-off from the Korea Aerospace Research Institute (KARI), where the founder had previously worked. Press coverage describes the founder financing the early company personally, including selling his home and drawing on family credit.
Business model
CONTEC sells ground segment products and services to satellite and launch vehicle operators and to government agencies: engineering and turn-key construction of ground stations and operating software, subscription-style Ground Station as a Service including antenna hosting on its own network, satellite mission control operations and software, satellite image pre-processing and analytics software, and resale/distribution of satellite imagery. Work is contract- and order-backlog driven, spanning B2G and B2B customers domestically and overseas.
Revenue comes from project contracts for ground station construction and satellite ground systems (for example radome construction and payload/image-processing system orders), recurring ground station data-reception and hosting services, satellite control services, and satellite imagery sales and distribution. Reported revenue was KRW 69.0 billion for 2024.
Traction
Reported 2024 revenue of KRW 69.0 billion; operating profit of KRW 12,185,920,249 and a net loss of KRW 22.6 billion reported for 2025. The company projected its year-end order backlog to exceed KRW 50 billion, citing roughly KRW 30 billion of orders won in the preceding month, and reported share-price strength attributed to expansion of overseas ground station business. It hosted ISS 2025, reporting 3,500 participants from 41 countries.
Latest developments
Late-2025 communications describe an expected order backlog above KRW 50 billion at year end following about KRW 30 billion of recent orders, and strength in overseas ground station business. In a December 2025 interview, Lee Seong-hee, who leads both CONTEC and AP Satellite, described synergies from vertical integration in space and a push into global markets and quantum key distribution (QKD). The company also published an opinion piece on Korea's space industry and reported employer-brand and outreach activities in Daejeon, including a career-exploration visit by 30 middle and high school students.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
CONTEC positions itself as a New Space-era provider of an all-in-one satellite data solution and a global ground station network operator. It is listed on KOSDAQ and is grouped alongside other Korean aerospace companies such as Hanwha Aerospace, Zenoco, Innospace, Nara Space Technology, Lumir and AP Satellite. Company statements cite growing overseas ground station orders and an expected year-end order backlog above KRW 50 billion.
The company combines ownership and operation of a worldwide ground station network with in-house downstream capabilities — data reception, decryption, optical and SAR processing, analysis and imagery distribution — plus satellite control and its own Oreum/CONTECSAT-1 satellite, presented as vertical integration across the space downstream value chain and extended by the acquisition of AP Satellite.
Technology
Core technologies span ground station hardware and antenna systems, ground station operating and monitoring software with 24-hour system surveillance and control, satellite mission control and orbit analysis/mission planning software, decryption and pre-processing pipelines that generate standard imagery products, optical (EO) and SAR image processing including calibration/validation and high-speed processing, deep-learning-based image analysis delivered through the SPACE STUDIO web platform, and GIS platform and space security technologies.
Go-to-market
The company sells directly to satellite operators, launch agencies and government institutions in Korea and abroad, using international trade shows and exhibitions for business development, and maintains an international cooperation function alongside investor relations. It also runs the Asian Space Park (ASP) initiative and publishes news, event and IR communications on its site.
Satellite and launch vehicle operators and operating agencies worldwide, government space agencies and public institutions (B2G), and commercial businesses requiring satellite imagery and analytics (B2B).
Geography
Headquarters are in Yuseong-gu, Daejeon, South Korea, with three business sites in Daejeon and a ground station in Jeju. The Eum ground station network spans multiple countries, with sites referenced including Korea, Dallas (United States), Santiago (Chile) and Greece; overseas projects include a radome build for Ghalam LLP in Kazakhstan.
History
Founded in January 2015 as a KARI spin-off, CONTEC built a global ground station network and downstream satellite data business, participating in the first through third Nuri launch missions. It carried out third-party allotment capital increases in 2023 and a stock split announced in July 2023, then listed on the KOSDAQ market on 9 November 2023 (ticker 451760). In June 2024 it acquired AP Satellite, and in the second half of 2024 signed overseas contracts including a KRW ~12.6 billion radome project with Ghalam LLP of Kazakhstan (October 2024) and a KRW ~8.9 billion satellite optical payload and image-processing system contract (November 2024), along with a USD 9.6 million ground station construction contract in 2024. An extraordinary general meeting was held in 2024.
Risks & controversies
A net loss of KRW 22.6 billion was reported for 2025. The business depends on large project-based orders, many from overseas government-linked customers, making revenue sensitive to contract timing; the largest disclosed shareholder group, Hillspring Investment and two others, holds 7.83%, indicating dispersed ownership.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 14
launches, deals, and filingsCONTEC said its year-end order backlog was expected to exceed KRW 50 billion, citing roughly KRW 30 billion of orders won in the preceding month.
Press coverage reported CONTEC shares rising on expansion of its overseas ground station business.
CONTEC published a performance report for ISS 2025, stating 3,500 participants from 41 countries.
Contract of approximately KRW 8.9 billion for a satellite optical payload and image processing system.
Contract of approximately KRW 12.6 billion for a radome construction project with Ghalam LLP of Kazakhstan.
CONTEC signed a ground station construction contract on the scale of USD 9.6 million.
$9.6M source ↗
Public notice of new share issuance via third-party allotment paid-in capital increase (second tranche).
The company published a public notice requiring submission of share certificates due to a stock split.
Public notice of new share issuance via third-party allotment paid-in capital increase (first tranche).
CONTEC Co., Ltd. was established on 5 January 2015 by founder Lee Seong-hee as a technology spin-off (spin-off) from the Korea Aerospace Research Institute.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- 컨텍contec.kr · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does 컨텍 do?
- Korean space company providing ground station networks and satellite data reception, processing and analysis services.
- Who are 컨텍's investors?
- 컨텍's investors include Atinum Investment Co. Ltd., Crit Ventures, Hillspring Investment, We Ventures.