Lotte UAM to Launch in Seongnam West

The Urban Air Mobility (UAM) consortium, composed of Lotte Group affiliates, signed a business agreement with Seongnam City on the 6th to establish a UAM infrastructure.

The consortium consists of Lotte Rental, Lotte Construction, and Lotte Information & Communication. They announced plans to form a joint consultative body to build and demonstrate UAM infrastructure within Seongnam City. According to the agreement, the city will select candidate sites for related infrastructure such as vertiports to be used as UAM takeoff and landing zones. Flight routes and corridors connected to these will also be proposed. The Lotte consortium will review whether the infrastructure configuration is appropriate.

From the left in the photo, No Jun-hyeong, CEO of Lotte Information & Communication, Park Hyun-cheol, CEO of Lotte Construction, Shin Sang-jin, Mayor of Seongnam, and Choi Jin-hwan, CEO of Lotte Rental, are taking a commemorative photo after the agreement ceremony.

The Lotte consortium aims to provide UAM services linked with various facility hubs within the group’s assets, including hotels, department stores, and marts. They are preparing to participate in the first phase demonstration of the Korean-style Urban Air Mobility Grand Challenge (K-UAM GC) led by the Ministry of Land, Infrastructure and Transport.

Choi Jin-hwan, CEO of Lotte Rental, said, "We will help Seongnam City develop into a hub for the eco-friendly, future-oriented UAM industry," adding, "By leveraging our own mobility capabilities and the group-level infrastructure, we will offer comfortable and safe mobility services in aviation as well."

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