Hyundai Motor is speeding up efforts to revitalize the nation's urban aviation mobility (UAM) industry.
Hyundai Motor, along with Incheon International Airport Corp., Hyundai Engineering & Construction, KT and Korean Air, held a business agreement ceremony at the Paradise City Hotel in Incheon on the 16th and said it will cooperate in the successful realization of local UAM, building an ecosystem and revitalizing the industry.
Hyundai Motor explained that the agreement is meaningful in that it has expanded to a consortium that encompasses the entire UAM ecosystem by newly participating in Hyundai Motor Co., Incheon International Airport Corp., Hyundai E&C, and KT partnership signed in September last year.
The UAM market is expected to grow to 730 trillion won worldwide by 2040, including 13 trillion won in Korea.
Reporter Lee Ji-sun stockmk2020@gmail.com
