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Five S. Korean firms including Korean Air agree to cooperate on Urban Air Mobility Updated: 2021-11-16 17:01:42 KST

South Korean firms are cooperating to locally commercialize Urban Air Mobility by 2025.
This industry is not only expected to grow domestically, but to be valued in excess of 618 billion U.S. dollars globally by 2040.
Five companies including Hyundai Motors, Korean Air, Incheon International Airport, Hyundai Engineering, and KT agreed on Tuesday to work together for the successful realization of UAM and to construct its ecosystem.
These companies will use their expertise to proceed with the project ranging from producing and operating the UAM aircraft to developing a system for its successful flight and cargo service.
KOGL : Korea Open Government License
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