Contec
Space Relevance
South Korea's leading satellite Ground-Station-as-a-Service (GSaaS) and Earth-observation data analytics provider. Spin-off from Korea Aerospace Research Institute (KARI), founded January 2015 by CEO Sunghee Lee. Operates a global ground-station network supporting LEO satellite operators. First space-sector startup to list on KOSDAQ (Nov 2023).
Competitive Position
One of the few profitable independent global GSaaS operators competing with AWS Ground Station, KSAT, Viasat RTE, Atlas Space Operations, and Leaf Space. Vertical integration into optical ground stations and analytics is a differentiator; planned satellite production move would expand it from a pure services play into a vertically-integrated EO operator.
Key Space Programs
Recent Space News
IPO on KOSDAQ — first South Korean space-sector startup listing (ticker 451760); FY2023 revenue ~$23M, +70% YoY
Nov 2023
Closed Series C totaling KRW 61B (~$47.3M) for global ground-station expansion
Sep 2024
Deployed second optical ground station with French partner Cailabs at Asian Space Park, South Korea
2024
First quarterly operating profit since KOSDAQ listing — KRW 0.33B operating profit on KRW 10.4B Q4 sales; FY2025 revenue KRW 38.9B (+32.8% YoY)
Q4 2025
Stock trading near KRW 21,450; business pivoting from infrastructure capex to monetization phase
Apr 2026