Jinju City Forms Regional Council to Foster Urban Air Mobility Industry

'UAM Jinju' Launch Ceremony [Image source=Jinju City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam, held the launch ceremony for ‘Urban Air Mobility (UAM) Jinju’ on the 30th at the City Hall Citizen Hall.

The launch ceremony was attended by 16 organizations including Jinju City, Gyeongsang National University, Air Force Education Command, Gyeongnam Technopark, Korea Testing Laboratory, Korea Ceramic Technology Institute, Defense Technology Promotion Research Institute, and Korea Institute of Industrial Technology.

The 16 participating organizations will cooperate to strengthen the competitiveness of the local UAM industry, resolve regulations, and foster human resources. ‘UAM Jinju’ is a regional council for fostering the Urban Air Mobility (UAM) industry.

About 50 people, including UAM Jinju participating organizations, UAM industry stakeholders, and city employees related to UAM work, attended the launch ceremony, showing high interest in the UAM industry and a strong will to foster the industry.

Following the launch ceremony, an invited lecture was held as a side event. The speakers were a staff officer from the Ministry of Land, Infrastructure and Transport’s Future Drone Transportation Office, leading the UAM industry in the government, and Jeon Jeong-gyu, team leader of Hanwha Systems UAM Business Division from the private sector. They gave lectures on the current status of the UAM industry and directions for fostering industries specialized in the region.

UAM refers to an air transportation means that transports people or cargo in urban airspace, encompassing concepts from vehicle development to infrastructure construction and services.

It is a promising industry estimated to reach a global market size of 1.5 trillion dollars by 2040. The government is also promoting the project aiming for partial commercialization of UAM services by 2025 through the announcement of the K-UAM roadmap and the formation of UAM Team Korea.

Accordingly, competition among local governments to secure a leading position in this industry is expected to be fierce. The city plans to secure a favorable position and foster UAM as a future key industry of the region.

Mayor Cho Gyu-il said, “Starting with today’s launch of ‘UAM Jinju,’ we will actively foster the UAM industry as a future key industry of Jinju City by making good use of the excellent human resources and infrastructure in the existing aerospace field that Jinju possesses and through cooperation with related organizations.”

This content was produced with the assistance of AI translation services.