Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Samsung Q2 Profit Seen Soaring as AI Memory Demand Keeps Chip Prices Elevated 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
DOJ Seeks Dismissal of Gautam Adani Bribery Case, Citing Foreign Scope 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Starlink is coming soon to South Korea, and SpaceX is planning to launch it in the country next year. However, it was reported that there were mixed reactions when the announcement was released.
According to The Korea Times, both the consumers and industry experts have different opinions regarding SpaceX's plan to offer its Starlink internet service in the region in 2023. The people are not sure about the demand for Starlink's service in Korea since the country already has the fastest internet connection speeds in the world.
Experts are also commenting that the entrance of Elon Musk's internet service company may also create commercial issues. They are telling local authorities to prepare for the medium to the long-term impact of Starlink's arrival, which could also affect the country's sovereignty over telecommunication services as the service is a foreign brand.
In any case, Starlink also indicated on its website that it is indeed coming to Korea. The country is listed on the site as a place where its satellite internet service is "coming soon." The company also said that it is still securing permissions to operate and now has a "pending service coverage or regulatory approval."
It was reported that it was in January when Starlink first announced its intention to enter the Korean market. The company revealed its plans when some Korean officials visited the company's headquarters in Hawthorne, California. At that time, rumors spread that SpaceX contacted Korea's Ministry of Science and ICT to win a license, but this was denied by Elon Musk's group.
"Industry insiders have predicted Starlink's entry into the Korean market since SpaceX has expanded its presence around the world," an official at KT Sat commented regarding the service's arrival in the region.
Meanwhile, Kim Ji Hwan, a Korea Information Society Development Institute research fellow, issued a warning that the government's control over important high-tech networks could weaken if the country starts using and depending on services offered by foreign firms.
"The authorities need to pay attention to the policies of foreign countries on dominant global satellite internet service providers," Kim stated.
