In this article .FKRX300-9.26 (-0.80%) Telecommunication firms should be able to deliver urban air mobility: SK Telecom watch now BARCELONA, Spain — South Korean telecommunications giant SK Telecom is planning to launch a flying taxi service in 2025 and expects it to generate “significant” revenue going forward, a senior executive told CNBC. Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market. Joby Aviation is a maker of so-called electric vertical take-off and landing vehicles. These electric flying vehicles are a seen by advocates as a way to transport people around dense cities and avoid traffic. The South Korean government is pushing forward with trying to commercialize air taxis by 2025. SK Telecom and Joby Aviation are looking to take advantage of the government backing. Ha Min-yong, chief development officer of SK Telecom, told CNBC in an interview Sunday that the company’s air taxi service will be made available commercially “sometime in the middle of 2025,” before expanding to other areas like logistics. “So by 2025, if we are able to prove that the service quality is acceptable to the general public with the safety and also security, […]
A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
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