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SpaceX, an American spacecraft manufacturer, launcher, and satellite communications company, has formed its subsidiary in South Korea. The local unit was created as it is set to launch its Starlink satellite internet services in the country.
Sources in the industry said on Thursday, March 16, that SpaceX set up Starlink Korea LLC on March 8. They added that the spacecraft manufacturer appointed Starlink’s senior director of business operations, Lauren Ashley Dreyer, as the new subsidiary’s representative.
As per Yonhap News Agency, it was in January this year when Elon Musk, the owner of SpaceX, applied for business registration with the local government as it is planning to launch its Starlink internet service in the region within the second quarter of 2023.
This registration is revealed to be ongoing, and the company has yet to wrap it up. The science ministry in Seoul is supposed to complete its qualification review within 30 days after the corporate registration is filed.
It was in January this year when it was first reported that Starlink was set to be launched in Korea. At that time, the target date for the rollout was said to be in the second quarter of this year. To be more precise, the satellite internet service will be available in the region by June.
SpaceX said at that time that it would be providing premium service for just $100 a month. Then again, observers wonder if the entrance of Starlink in the country will hurt some local companies because Starlink is making a promise of offering the cheapest and fastest internet service even if Korea is already known to have the best service in the world.
Meanwhile, Starlink is a low earth orbit type of satellite internet service being operated by SpaceX. It is already available in many countries, including the United States, Australia, Europe, Japan, and other Asian nations.
