“Urban Air Mobility (UAM), Ulsan Leads the Way!” ... ‘2022 Ulsan Future Expo’ Held

Ulsan Exhibition & Convention Center Future Expo, Urban Air Mobility Special Pavilion Operation

Promotion of Urban Air Mobility Cluster Establishment Including Personal Flying Vehicles (Drones) Exhibition

Personal Air Vehicle (PAV) promoting the establishment of an Urban Air Mobility (UAM) cluster and the exhibition of UNIST aircraft fuselage.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulsan City will participate in the ‘2022 Ulsan Future Expo’ held at the Ulsan Exhibition & Convention Center from November 25 to 27, operating a special pavilion for Urban Air Mobility.

This expo features 13 Ulsan companies including the Electronics and Telecommunications Research Institute and Ulsan National Institute of Science and Technology, along with 18 invited companies, offering a variety of attractions and entertainment such as future robots exhibitions, urban air mobility, future education, future sports, and future culture.

Ulsan City will set up an Urban Air Mobility promotional pavilion at this expo and exhibit ‘flying vehicles (drones)’ developed mainly by local Ulsan companies, as well as the ‘Personal Aerial Vehicle (PAV)’ developed by Ulsan National Institute of Science and Technology?the first of its kind developed by a local government with participation from institutions and research institutes?to help visitors understand future transportation means.

Along with Ulju-gun, Ulsan Information Industry Promotion Agency, and Ulsan National Institute of Science and Technology, the city will introduce the Urban Air Mobility cooperation cluster construction project, as well as related projects such as the drone special deregulation zone and advanced small and medium-sized city development projects.

Labor Director of Innovation Industry Bureau, Dongwan Noh, said, “We plan to steadily prepare so that Ulsan City can lead the development of the urban air mobility industry through this exhibition. We will also work with the government to develop technologies for the commercialization of urban air mobility, a safe and convenient advanced urban transportation system.”

Ulsan City, moving beyond being a ‘car city,’ was selected in June 2022 by the Ministry of Land, Infrastructure and Transport as the ‘Korean-style Urban Air Mobility Technology Development Demonstration Performance Testbed’ and is currently promoting the Urban Air Mobility cooperation cluster construction project to take the lead in the future mobility industry.

Urban Air Mobility refers to electric vertical takeoff and landing flying vehicles designed to quickly travel short distances within urban areas, revolutionizing traffic congestion and considered a future innovative industry that will transform the mobility paradigm.

Promotion design including the establishment of an Urban Air Mobility (UAM) cluster and the exhibition of UNIST aircraft fuselage.

The global market size is estimated to reach KRW 1998.4492 trillion by 2040.

The government announced a plan to commercialize urban air mobility by 2025 and is actively responding to secure a leading position in the global market.

Ulsan City also anticipates that future transportation means will shift to new mobility combining autonomous vehicles and personal aircraft, recognizing the necessity of proactive technological development to respond accordingly.

To this end, the city plans to establish a corporate support urban air mobility hub and simultaneously secure related technological capabilities in advance to capture the urban air mobility market.

Additionally, based on Ulsan’s core growth engines?the automobile and flying vehicle (drone) industries?the city aims to link and grow the urban air mobility business, contributing to regional industrial advancement and revitalization of the corporate ecosystem.

The city plans to accelerate the establishment of urban air mobility integration starting in 2024, requesting national funding from the Ministry of Land, Infrastructure and Transport next year and expediting initial project procedures.

In particular, in June next year, the urban air mobility integration construction project will be reflected in the 2023 Medium-Term Local Finance Plan, and consultations on the basic plan with the Ministry of Land, Infrastructure and Transport will commence.

Alongside this, a preliminary feasibility study for the urban air mobility integration construction will begin in January next year and conclude by the end of the year. The city will seek national funding from the Ministry of Land, Infrastructure and Transport and the Ministry of Trade, Industry and Energy, and plans to apply for the preliminary feasibility study project and establish the basic plan by March 2024.

Ulsan City will proceed smoothly with these preliminary procedures for urban air mobility integration construction, aiming to develop Ulsan into the nation’s largest automobile industrial city, closely linked with aircraft (drones and urban air mobility), featuring the largest Hyundai Motor factory and over 520 automobile parts companies concentrated in one area.

The city plans to become the optimal city for the Urban Air Mobility (UAM) Promotion Agency, leading ‘Urban Air Mobility (UAM: Urban Air Mobility)’ as a future representative transportation means beyond eco-friendly vehicles such as electric and hydrogen cars.

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