Korean Air signed an Urban Air Mobility (UAM) R&D
cooperation agreement with the Incheon International Airport
Corporation (IIAC) and the Korea Aerospace Research Institute
(KARI) on Thursday to establish a safe and efficient UAM
transportation management system.
The three
organizations will conduct joint R&D to establish a UAM operations
and transportation management system and develop the UAM industry.
With its extensive
experience operating commercial aircraft and expertise in unmanned
aircraft development, Korean Air aims to develop the domestic UAM
industry through synergy with the IIAC, which has air navigational
aids and airport construction and operation capabilities, and KARI
with its research competencies regarding future air traffic
management.
As the next solution to solve
traffic congestion and environmental problems by utilizing city
skyways, UAM’s global market worth is expected to reach about USD
1.5 trillion by 2040.
Accordingly, the Korean government formed UAM Team
Korea in June 2020 in a proactive effort to commercialize UAM in
Korea by 2025.
Korean Air
plans to create a foundation for UAM in Korea by increasing its
technical cooperation with government agencies and research
institutes while actively establishing infrastructure and
operating control systems to open up the city skyways.
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