SpaceX Establishes Korean Subsidiary
SpaceX has established a subsidiary with the purpose of entering the Korean market for its low Earth orbit satellite communication service, Starlink.
According to industry reports, SpaceX set up Starlink Korea LLC, a limited liability company dedicated to the domestic Starlink business, on the 8th. The company has an office in Seocho-gu, Seoul, and Lauren Ashley Dreyer, Senior Director of Starlink Business Operations, has been registered as the executive officer.
SpaceX's Falcon 9 rocket carrying Starlink satellites is being launched. SpaceX, a private space exploration company led by Elon Musk, is deploying Starlink satellites in Earth's orbit to establish a global high-speed internet network.
Earlier, in January of this year, SpaceX applied to the Ministry of Science and ICT for registration as a telecommunications service provider in the form of a planned corporation. According to regulations, the Ministry of Science and ICT must complete the review within 30 business days. It is reported that the application process has not yet been finalized.
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SpaceX indicates on the official Starlink website that it plans to start domestic satellite communication services in the second quarter of this year.
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