Joby welcomes $100 million investment as it expands partnership with sk telecom

Santa cruz, calif. & seoul--(business wire)--joby aviation, inc. (nyse:joby), a company developing all-electric aircraft for commercial passenger service, today announced that sk telecom (nyse:skm, “skt”), south korea's leading telecommunications company, is making an equity investment of $100 million in joby, as part of an expanded partnership between the two companies. the agreement, executed on 27 june, paves the way for joby to participate alongside skt in korea's “k-uam grand challenge.” t.
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