SEOUL,
South Korea, July 31,
2024 /PRNewswire/ -- V-Space Co., Ltd., a company
selected for the 'Next Unicorn Project' jointly pursued by
Kangwon Land, the Small and Medium
Business Corporation, the Korea Mine Reclamation Corporation, and
the Foundation of Large & Small Businesses and Agricultural
& Fisheries Cooperation, has unveiled significant progress in
the burgeoning field of Urban Air Mobility (UAM)/Advanced Air
Mobility (AAM).
On July 12, V-Space announced the
rollout of its first UAM aircraft, a major milestone for the 'Next
Unicorn Project.' This groundbreaking aircraft will be delivered to
the Korea Aviation High School in Taebaek, Gangwon Province, where
it will serve as the country's sole educational UAM vehicle,
contributing to the development of future aviation talent in
South Korea.
The development of this UAM aircraft was spearheaded by
Yoo Soo-ho, a lead researcher who
graduated from Korea Aviation High School (formerly Taebaek
Mechanical Technical High School) and majored in mechatronics
engineering at Inha University. Yoo's leadership in this project
sets a precedent of mentorship and inspiration for future
generations of aviation professionals.
V-Space plans to leverage the delivery of the first UAM aircraft
to Korea Aviation High School as a starting point for broader
initiatives aimed at integrating UAM into various industries such
as commerce, logistics, industry, residential, and leisure sectors.
This includes creating a 'World's First UAM Demonstration and
Specialized City' centered around the Donggang region in
collaboration with local municipalities like Yeongwol County and
Taebaek City. They also aim to establish UAM commercial
demonstration routes, such as the Donggang tour course.
Notably, V-Space has been selected as the lead organization for
the Ministry of Land, Infrastructure, and Transport's 'Korean Urban
Air Mobility (K-UAM) Safety Operation System Core Technology
Development' project, which is part of the government's 12 national
strategic technologies and 10 national strategic technology
projects. This role involves collaborating with the Ministry of
Land, Infrastructure, and Transport, the Korea Institute of
Aviation Safety Technology, and others to establish regulatory
standards for safe UAM flight operations, cementing V-Space's
status as a pioneering startup in the future mobility sector.
V-Space is also focused on securing key technologies related to
safety through ongoing research in collaboration with the Ministry
of Science and ICT, the Korea Electronics Technology Institute, and
Hanwha Systems. This research includes developing and demonstrating
an onboard intelligent avionics software platform for recognizing
and responding to abnormal situations in urban air mobility.
Jobeom Dong, Chairman of V-Space, stated, "We are making
comprehensive efforts to promote and develop regional industries in
collaboration with Gangwon Special Self-Governing Province. By
aligning with government initiatives and being selected as the lead
organization for various national research and development
projects, V-Space is solidifying its position as South Korea's leading UAM specialist. Our goal
is to compete on the global stage and become a leading company in
the urban air mobility market."
Following this delivery, V-Space plans to further develop and
mass-produce hydrogen/electric UAMs, establish flying and
Maintenance, Repair, and Overhaul (MRO) facilities utilizing
Gangwon's infrastructure, and commercialize these efforts on a
global scale. Detailed collaboration with local governments is
underway to utilize Yeongwol's UAM infrastructure and air taxi
demonstration bases, as well as the unique resources of Taebaek
Mountain and Donggang for initial unmanned and manned UAM
commercial demonstrations.
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SOURCE THE KOREA INDUSTRY DAILY