Hyundai Motor Group Appoints Dr. Jaiwon Shin to Lead New Urban Air Mobility Division

Diversification effort will allow Hyundai Motor Group to develop smart air mobility solutions

World-renowned aeronautics expert previously led aviation research and development at NASA

Urban Air Mobility expected to significantly alleviate long-term ground traffic congestion problems caused by mega-urbanization

SEOUL,South Korea,Sept. 30,2019 -- Hyundai Motor Group (the Group) has appointed Dr. Jaiwon Shin as Executive Vice President and Head of its newly established Urban Air Mobility Division. An internationally renowned aeronautics engineer,Dr. Shin will lead the company into a new era of developing smart mobility products within the aviation industry.

"Havingworked on cutting-edge aviation research and developmentat NASA for 30 years,I am very excited and humbled by the opportunity to now shape urban air mobility strategy at Hyundai MotorGroup," Dr. Shin said about his new role. "The new team at Hyundai will develop core technologies that will establish the company as a driving force in urban air mobility,a sector that is expected to grow into a market worth USD 1.5 trillion within the next 20 years."

Urban Air Mobility is expected to become a critically important part of the integrated mobility solution for ever-increasing traffic problems in mega cities around the world. Through the Urban Air Mobility Division,Hyundai Motor Group aims to provide innovate and smart mobility solutions never seen or thought of before.

Dr. Shin most recently led the Aeronautics Research Mission Directorate at NASA,where he shaped the agency's aeronautics research and development strategy for over 11 years. His expertise in revolutionary airframe,engine,aviation safety,and air traffic management technologies will allow Hyundai Motor Group to take a lead in the fast-growing urban air mobility sector.The new business unit willdevelop core technologies and innovative solutions for safe and efficient airborne travel.

During his time at NASA,Dr. Shin oversaw a USD 725 million program to lead many new aeronautics research initiatives,such as supersonic X-plane,electrification of aircraft,UAS traffic management,and Urban Air Mobility.

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