Market Chatter: Starlink to Launch Satellite Internet in South Korea with SK Telecom's SK Telink

MT Newswires Live

06/04

SpaceX's Starlink has received South Korean government approval to launch its satellite internet service with SK Telecom (KRX:017670)'s SK Telink, The Korea Herald reported Tuesday.

Starlink will begin service once antenna conformity checks are complete, offering high-speed, low-latency connectivity to remote areas, aircraft, and maritime vessels, the report said.

Rollout of the service follows similar approvals for Hanwha Systems (KRX:272210) and KT Sat, resellers of rival provider Eutelsat-OneWeb, it said.

Shares of SK Telecom rose nearly 2% in recent trade on Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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