Business · Companies · 2 hrs ago

South Korean startup shifts from air taxis to drone-interceptor aircraft

South Korean startup shifts from air taxis to drone-interceptor aircraft

Airbility is developing drones designed to intercept other drones in South Korea.

The company was founded in 2023 by CEO Ryu Tae-gyu and colleagues, some of whom worked on the T-50 and KF-21 aircraft programs.

Ryu said he had hoped to avoid returning to the defense industry after leaving South Korea’s Agency for Defense Development, partly because its long development and business cycles can challenge startups.

The company had initially planned a two-seat urban air mobility aircraft, often called an air taxi.

It shifted focus as cheap attack drones became a greater threat after the war in Ukraine, while the air-taxi market grew more slowly than expected.

The air-taxi project is now on hold as Airbility works on drone interception.

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Tae-gyu RyuAirbility CEO
I didn't want to look at the defense industry again
via Donga Ilbo