California-based Joby Aviation (NYSE:JOBY) is partnering with telecommunications giant SK Telecom (NYSE:SKM) to bring a zero-emissions air taxi service to South Korea. Both companies have signed a strategic agreement to support South Korea’s 2020 urban air mobility plan known as K-UAM.
An announcement Sunday offered details of the partnership. Joby – a developer of electric, vertical takeoff and landing (eVTOL) aircraft – will leverage SK’s mobility platform and ride-hailing service UT to provide travel across multiple modes of ground and air transportation. Both Joby and UT are backed by Uber (NYSE:UBER).
