Space Exploration Technologies Corporation, or simply SpaceX, is set to introduce its Starlink satellite internet service in South Korea. However, in the latest update, it was reported that the company has moved the launch to a later date.
SpaceX, an American spacecraft engineering company, explained it had to delay the introduction of its Starlink internet service in the country due to administrative procedures. It originally planned to offer low-orbit satellite internet service in the second quarter of this year.
According to The Korea Economic Daily, SpaceX announced that the new release date is within the fourth quarter of 2023. Sources in the industry also said that the launch was put off because of the lengthy administrative procedures that have been consuming so much time.
SpaceX established Starlink Korea in March and subsequently registered the service with the pertinent government agencies. This month, the satellite internet company was eventually granted a license as a registered telecommunications service provider by South Korea’s Ministry of Science and ICT.
The ministry revealed that SpaceX submitted the registration application for Starlink Korea on January 5, and it was only completed on May 12. In its application, the company indicated its intent to offer satellite Internet services and satellite Internet of Things (IoT) services to Korean customers.
As part of the review process for approval, the officials evaluated Starlink Korea’s financial and technical capabilities. They also looked into and assessed the company’s user protection plans as stated in the country’s Article 6 of the Telecommunications Business Act. Now the Korean subsidiary of Starlink is officially registered as a telecommunications carrier in the region.
Finally, the second vice minister of the Ministry of Science and ICT, Park Yoon Gyu, previously told the local press that there is a need to make sure that there will be no interference problems with other frequencies that Starlink aims to provide. And this is one reason why the administrative procedures for the launch are taking a long time to complete.


UK House Prices Hold Steady in June as Annual Growth Misses Forecasts
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe
Australia Sues Amazon Over Prime Video Ads and Subscription Terms
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs
Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand 



