Daegu Airport Site to Host 800 Billion Won UAM Multi-Modal Transfer Center... Hyundai Elevator and Daegu City Join Hands

Transportation, Shopping, and More Move In
Six Above-Ground Floors and Five Basement Levels

On the morning of the 19th at 11 a.m., Daegu Metropolitan City signed a business agreement with Hyundai Elevator Co., Ltd. (CEO Cho Jaecheon) at the Sanggyeok office of Daegu City Hall for the construction of urban air mobility (UAM) vertiports connecting major hubs, including the K-2 redevelopment site and the TK New Airport.

Hyundai Elevator Co., Ltd. is the undisputed leader in the Korean elevator industry, ranking first in new elevator installations for 17 consecutive years, first in elevator maintenance for 9 consecutive years, and holding a 40% market share in the domestic elevator market. The company continues to develop technology and expand its business areas, focusing on elevators, escalators, moving walkways, and parking systems.

Bird's-eye View of UAM Integrated Transfer Center

In addition, the company has selected urban air mobility (UAM), which is emerging as a key transportation mode for future cities, as a new business and is accelerating the development of UAM vertiports, a core project for UAM commercialization.

Recently, Hyundai Elevator Co., Ltd. was selected as an implementing agency for the government’s top 10 national strategic technology project, the "K-UAM Core Technology Development Project for Safe Operation." The company unveiled the "H-PORT," an integrated control building designed to overcome spatial constraints in urban areas, and plans to build vertiport infrastructure.

Daegu Metropolitan City has designated UAM as one of the five major future industries for the 8th popularly elected administration. The city plans to establish a multi-modal transfer center in the K-2 redevelopment site, which will serve as a future growth engine and connect all transportation modes, including UAM, KTX, urban rail, water transport, and express buses, along with shopping, duty-free shops, and cultural exhibition and performance halls. The envisioned multi-modal transfer center, including a UAM vertiport, will cover approximately 73,000 square meters, with six floors above ground and five below, at an estimated project cost of 800 billion KRW.

Once the SPC for the construction of the TK New Airport is established, Daegu Metropolitan City and Hyundai Elevator Co., Ltd. will collaborate on plans to build a UAM vertiport multi-modal transfer center at the K-2 redevelopment site.

Cho Jaecheon, CEO of Hyundai Elevator Co., Ltd., said, "This business agreement will lay the foundation for leading the UAM platform market based on the 'H-PORT.' We will actively cooperate so that the newly developed K-2 redevelopment site can become a next-generation transportation hub based on the UAM vertiport and leap forward as a future growth city."

Hyundai Elevator H-PORT Bird's-eye View

Hong Joonpyo, Mayor of Daegu, said, "Through this agreement with Hyundai Elevator, we expect to open up the skies by connecting major hubs, including TK New Airport and the K-2 redevelopment site, to neighboring cities via UAM. We will spare no administrative and policy support to ensure Hyundai Elevator sets a new global standard in the UAM sector."

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