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SK Telecom will establish a joint venture with SK Square subsidiary T-Map Mobility to jump into the urban air mobility (UAM) business.
The joint venture between SK Telecom and T-Map Mobility would create a synergy that makes their collaboration easier.
T-Map Mobility will establish a boarding and transfer service platform for hailing air taxis while SK Telecom will set up communication between ground control centers and aircraft.
The two companies are expected to ramp up UAM-related investments.
SK Square is an investment company spun off from SK Telecom in November.
The joint venture company would also launch a telecommunication and platform service business for the commercialization of its UAM business.
SK Telecom has been developing its UAM business since January.
The South Korean government seeks to introduce commercial UAM services in 2025.
