TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit 
AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia 
Orsted Q1 EBITDA Beats Expectations Despite U.S. Impairments 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
Asian Stocks Rally as Japan’s Nikkei Hits Record High on U.S.-Iran Peace Optimism 
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
JD Sports Backs Nike CEO Elliott Hill Amid Brand Turnaround Efforts 
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump 
Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown 
Gold Prices Rise as Weaker Dollar and U.S.-Iran Peace Hopes Boost Demand 
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal 
SK Telecom and Joby Aviation, a Californian venture-backed aerospace company, have revealed their partnership deal this week, and they are joining forces to develop flying cars. The latter is an air taxi startup firm, and along with SKT, they are aiming to expand their footing in urban air mobility services or UAM.
According to Yonhap News Agency, SK Telecom, the leading wireless service provider in South Korea, said it has signed an agreement with Joby Aviation so they can form a regular consultative team that will help them bolster cooperation in bringing air taxis to the country.
Another one of the goals for this new partnership is to create "Mobility as a Service" (MaaS) in S. Korea. This type of service will offer various things to customers, including connecting cars, connecting car platforms, and other business-to-customer services. It was added that the deal is also expected to scale up S. Korea's long-term plan to commercialize UAM services by 2025 and help reduce urban traffic congestion.
"By joining forces with Joby, a global leader in this field, we expect to accelerate our journey towards the era of Urban Air Mobility and lead the way on introducing this exciting new technology," SK Telecom's chief executive officer, Ryu Young Sang, said in a press release. "Collaborating with leading global companies is essential to securing leadership in future industries, which we are confident will be driven by the growth of UAM, autonomous driving, and robots."
Pulse News reported that SK Telecom is planning to make use of Joby Aviation's knowledge and know-how in air flight testing since it will be able to experience this with NASA at the Korean UAM Grand Challenge that will take place next year. The event is set to be hosted by the country's Ministry of Land, Infrastructure, and Transport or MOLIT.
JoeBen Bevirt, the founder and CEO of Joby, also commented on its partnership with SK Telecom. He said, "We are thrilled to be partnering with the team at SKT who brings a wealth of relevant experience and technology to the table. With more than 42 million people living in urban areas, South Korea offers a remarkable opportunity for Joby to make air travel a part of daily life, helping people to save time while reducing their carbon footprint."
