Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has received regulatory clearance to launch in South Korea. The rollout will mark the introduction of low Earth orbit (LEO) satellite networks in South Korea, poised to deliver high-speed internet connectivity to underserved and remote regions.

Aerospace fastener manufacturer NAFCO reported a 13.56% month-over-month decline in revenue for May 2025. The company attributed this drop primarily to exchange rate impacts and slower-than-expected new product certifications. While certification progress is expected to catch up in June 2025, the exchange rate effects remain difficult to control. Despite these challenges, NAFCO remains optimistic about its order book and prospects for the second half of 2025.

Cooling module manufacturer Microloops’ initial public offering application passed the Taiwan Stock Exchange’s listing review committee on June 3, 2025. However, the case still requires approval from the Taiwan Stock Exchange board of directors. The company is applying for a capital amount of NT$600 million (US$18.5 million), focusing primarily on the research and manufacturing of high-performance cooling solutions. Its products are widely used in cloud AI computing centers, computers and graphics cards, automotive control systems, and new energy vehicles.

Global Lighting Technologies is actively restructuring its global production strategy in response to shifting supply chains and declining demand in traditional display markets. The Taiwan-based manufacturer of light guide plates announced that it is advancing its new Vietnam facility while preparing for long-term expansion in Thailand and phasing out operations in China.