SEOUL, June 14 (Korea Bizwire) — Defense industry units of South Korea’s Hanwha Group said Tuesday they are investing a combined US$115 million in a U.S. urban air taxi startup, as it seeks to gain an edge in the prospective urban air mobility (UAM) industry. Hanwha Systems Co. and Hanwha Aerospace Co. will spend $50 [...]
SEOUL, May 11 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Wednesday it has joined a consortium to provide urban air mobility (UAM) services in efforts to find a new growth driver. Jeju Air and five others formed the consortium to participate in the transport ministry-led K-UAM Grand Challenge project in [...]
SEOUL, April 12 (Korea Bizwire) — South Korean national flag carrier Korean Air Lines Co. said Monday it will take part in a government-led research and development project for an urban air mobility (UAM) surveillance information acquisition system. Under the project led by the Ministry of Land, Infrastructure and Transport, Korean Air will develop the [...]
SEOUL, Jan. 25 (Korea Bizwire) – SK Telecom Co., South Korea’s top wireless carrier, said Tuesday it will speed up the development of urban air mobility (UAM) services. In 2020, South Korea unveiled its plan to commercialize UAM services by 2025 to help overcome urban traffic congestion by using unmanned drone taxis. Last year, SK Telecom signed [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea on Thursday tested a German two-seater multirotor aircraft in Seoul as it seeks to commercialize urban air mobility services in 2025. The two-seater multirotor aircraft took off vertically and flew to a designated air corridor before returning to the starting point at Gimpo International Airport in western [...]
SEOUL, Jan. 28 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Thursday it has joined hands with local defense company Hanwha Systems Co., Korea Airports Corp. and the Korea Transport Institute to speed up development of urban air mobility (UAM) services. Last year, South Korea unveiled its plan to commercialize UAM [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean researchers embarking on a joint project to develop a flying taxi. The state-run Korea Institute of Ceramic Engineering and Technology signed an agreement with local recreational boats manufacturer Angelux on Thursday to develop and commercialize urban air mobility (UAM) air taxis. The institute plans to transfer five [...]
SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Co. might have to adjust its plans for future mobility services after Uber Technologies Inc. decided to sell the company’s self-driving and air taxi businesses. The U.S. ride-hailing giant reportedly decided to turn over Uber Elevate, the company’s air taxi business, to Joby Aviation, and invest US$75 [...]
SEOUL, Aug. 6 (Korea Bizwire) — Hyundai Motor Co. will work with a British partner to build urban air mobility (UAM) infrastructure, South Korea’s leading carmaker said Thursday. The deal with Urban-Air Port calls for close cooperation in the building of facilities that can handle takeoff and landings of future personal air vehicles (PAVs) as [...]
NEW YORK, July 1 (Korea Bizwire) – Aviation Week Network is hosting Urban Air Mobility (UAM) August 11-13 as a virtual event with complimentary access. Speakers include leaders from companies that are leading the way in this new frontier, including Uber, Elevate, NASA, Jaunt Air, Varon Vehicles, Votlwerke, and more. UAM, which is sponsored by EmbraerX and Janicki Industries, will help attendees [...]