An ultrafast charge exchange spectroscopy (UFCES) system has been designed for measuring fluctuations in ion temperature and toroidal rotation velocity. The UFCES on the KSTAR tokamak is a powerful tool for investigating plasma instabilities and long-wavelength turbulence related to ion temperature gradient and flow. The UFCES system is designed to measure the C VI line (n = 8 → 7, λ0 = 529.05 nm) from the charge exchange reaction between a deuterium-heating neutral beam and the intrinsic carbon impurity in KSTAR. The ion temperature and toroidal rotation velocity at two radial positions will be observed simultaneously with UFCES. The key difference between the UFCES system and conventional charge exchange spectrometers is the application of high-throughput collection optics, a high-efficiency transmission grating combined with prisms, and a high-speed detector. We use a comprehensive spectrum simulation code with input parameters of KSTAR's plasmas and a neutral beam injection system to estimate the performance of the designed UFCES system. The results simulated with the code show that the diagnostic achieves a turbulence-relevant time resolution of 10 µs with a high enough signal-to-noise ratio. Furthermore, a preliminary test is performed using a complementary metal-oxide semiconductor camera and Ne spectral lamp to confirm the linear dispersion and curvature radius.