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SK Telecom and Joby Aviation sign collaboration agreement for K-UAM Grand Challenge

SK Telecom today announced that it signed a collaboration agreement with Joby Aviation, a California-based company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, to jointly participate in the K-UAM Grand Challenge.

The two companies say they will combine their expertise and resources to undertake flight testing that is designed to support the development of the Urban Air Mobility sector in Korea.

K-UAM Grand Challenge is a “large-scale demonstration program launched by the Ministry of Land, Infrastructure and Transport (MOLIT) to test the safety and suitability of UAM in an urban environment and to support the commercialisation of UAM by 2025” according to the press release.

“SKT and Joby are part of the K-UAM Dream Team Consortium, which announced its intent to participate in the K-UAM Grand Challenge in February 2023, signing a Memorandum of Understanding (MoU) with MOLIT. The consortium includes a wide range of world-class partners, including Korea Airports Corporation, Hanwha Systems and T Map Mobility.

“The announcement, which follows SKT’s strategic investment of USD 100 million in Joby Aviation in June 2023, secures the exclusive use of Joby’s aircraft for the Grand Challenge. Going forward, SKT will align the UAM business with its vision of becoming an AI company and plans to accelerate AI transformation of the mobility field through UAM. AI has the potential to play a transformative role in the aviation sector, minimizing travel times and supporting autonomous flight in the future.”

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(Image: Joby Aviation)

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