THE KOREA INDUSTRY DAILY: V-Space Unveils First Urban Air Mobility (UAM) Aircraft Prototype

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).

V-SPPEDER X UAM initial production launch

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