Because LEO (Low Earth Orbit) satellite has very limited contact time between satellite and ground station, all telemetry data generated on satellite are stored in a mass memory and transmitted to the ground during the contact time. There are two downlink modes, real-time mode and playback mode. Only real-time data frames are transmitted to the ground in real-time mode, real-time and playback data frames stored into mass memory are transmitted to the ground in playback mode. In accordance with the data transmission rate, there are two downlink rates, low downlink rate and high downlink rate. This paper briefly introduces downlink interfaces and flight software of a LEO satellite developed in KARI. And it presents the telemetry storage method, real-time and playback downlink management method, and downlink channel and rate control method.