KOMPSAT-1 was launched on 21 December, 1999 and the main mission of the satellite is the cartography to provide the imagery from a remote earth view for the production of maps of Korean territory. For this purpose, the satellite has capability to tilt the spacecraft utmost $pm$45 degrees to acquire stereo satellite imagery in different paths. This study aims to estimate the three dimensional positioning accuracy of stereo satellite imagery from EOC(electro-optical camera), a payload of KOMPSAT-1 satellite. For this purpose, the ground control points and check points were obtained by GPS surveying. The sensor modeling and the adjustment was performed by PCI software installed in KARI (Korea Aerospace Research Institute), which contained mathematical analysis module for KOMPSAT-1 EOC. The study areas were Taejon and Nonsan, placed in the middle part of Korea. As a result of this study, we found that the RMSE(root mean square error) value of three dimensional positioning KOMPST-1 stereo imagery can be less than 1 pixel (6.6 m) if we can use about 10 GCPs(ground control points). Then, a standarrd of FGDC (Federal Geographic Data Committee) of USA was applied to the result to estimate the three dimensional positioning accuracy of KOMPSAT-1 stereo imagery.