SpaceX recently set up its Korean subsidiary to manage its Starlink internet service that will soon be available in the country. Elon Musk’s company is still in the process of establishing its business, and it was reported that it might team up with the satellite service operator of KT Corp., the KT SAT, to launch Starlink.
According to The Korea Economic Daily, KT SAT is currently in talks with SpaceX regarding the Starlink service, which is set to be launched before the second half of this year. Sources further shared earlier this week that in January, SpaceX submitted its business registration application with the local government so it could operate in Korea.
The spacecraft manufacturer and satellite communications company inaugurated its Korean unit on March 8, and it has been named Starlink Korea LLC. Now, as KT SAT is operating its own geostationary satellites called the Mugunghwa for satellite communication services, it is reportedly being eyed by SpaceX for a partnership.
KT SAT offers services that are mostly used by government agencies, offshore facilities, the military, broadcasters, and ships so tapping it for cooperation with Starlink satellite internet service is a good decision. Through the partnership, SpaceX’s business operation has a higher chance of going smoothly in the domestic market.
Meanwhile, Hankyung News via News Directory reported that KT SAT is still reviewing the proposed deal with Starlink to determine if it will agree to it or not. SpaceX’s registration is also in progress at the Ministry of Science and ICT.
“The start of the Starlink service depends on how quickly the registration documents are completed,” an official from the ministry said. “Once all the papers are done, it usually takes about a month to review and approve them.”
Photo by: Mariia Shalabaieva/Unsplash


Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 



