A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
Publishing timestamp: 2023-02-27 05:15:47
Summary
SK Telecom, a South Korean telecommunications giant, is planning to launch a flying taxi service in 2025 and expects it to generate significant revenue. They have partnered with US firm Joby Aviation to develop air taxis for the South Korean market. The South Korean government is pushing for commercialization of air taxis by 2025. SK Telecom is looking to expand its business beyond being a traditional mobile carrier and is looking to use 5G networks to operate and fly the aircraft autonomously. Consultancy Roland Berger forecasts that there will be nearly 160,000 unpiloted electrical drones in use worldwide by 2050. SK Telecom wants a slice of the pie and expects the air taxis to generate significant revenue if accepted by the community.
Sentiment: POSITIVE
Keywords: sk telecom co ltd, technology, joby aviation inc, business news, transportation, space industry,