Hyundai Motor and Seoul City Collaborate to Build Urban Air Mobility Ecosystem
[Asia Economy Reporter Changhwan Lee] Hyundai Motor Company is collaborating with the Seoul Metropolitan Government to successfully realize the domestic UAM (Urban Air Mobility) industry.
On the 10th, Hyundai Motor announced that it signed a Memorandum of Understanding (MOU) with Seoul City for "Successful Realization of UAM and Ecosystem Building Cooperation."
The signing ceremony held at the 2021 Seoul Smart Mobility Expo venue (Cultural Depot, Mapo-gu, Seoul) was attended by key figures including Jaewon Shin, President of Hyundai Motor's UAM Division, and Seoul Mayor Sehoon Oh.
Through this MOU, Hyundai Motor and Seoul City will cooperate on ▲strengthening activities to build the UAM ecosystem and increase social acceptance ▲joint cooperation to revitalize the UAM industry ▲conducting research projects to establish a vision for UAM takeoff and landing sites (vertiports) ▲collaborating on the Korean-style UAM roadmap and the ‘K-UAM Grand Challenge’ demonstration project.
Additionally, Hyundai Motor plans to cooperate with Seoul City to establish it as a leading city in the UAM industry by linking with major overseas cities such as Los Angeles in the United States and Coventry in the United Kingdom, where Hyundai Motor Group has formed partnerships for mobility business cooperation.
Previously, Hyundai Motor signed partnerships for UAM business cooperation with Incheon International Airport Corporation, Hyundai Engineering & Construction, and KT. Furthermore, it is working with the Korea Aviation Safety Technology Institute to develop UAM aircraft and certification technologies.
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President Jaewon Shin stated, "This MOU with Seoul City is meaningful as it establishes the first collaboration system between a private company and a local government in Korea for the development of the UAM industry," adding, "We will strive to lead the global UAM market by cooperating with Seoul City, a global mega city."
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