Satrec Initiatives builds small and medium-size satellites like SpaceEye-T shown here. SpaceEye-T is designed to capture Earth imagery with resolution as high as 30 centimeters per pixel.

Hanwha Aerospace, South Korea’s largest defense company, announced plans Jan. 14 to invest approximately $100 million to purchase 30% of the shares of satellite manufacturer Satrec Initiative.

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Debra Werner is a correspondent for SpaceNews based in San Francisco. Debra earned a bachelor’s degree in communications from the University of California, Berkeley, and a master’s degree in Journalism from Northwestern University. She is a recipient...