What Happened
Seoul Unveils New Aerospace Strategy For Urban Air Mobility
South Korea’s government has unveiled a new aerospace strategy that includes the development of a hybrid-electric vertical-takeoff-and-landing aircraft for urban and intercity transportation. The project aims to have a prototype ready by 2030 and is part of a broader effort to promote the country’s space and aeronautics industry. Korea Aerospace Industries is involved in the development, which may indicate a significant investment in the country’s aerospace capabilities. This development was first reported by Aviation Week.