South Korea’s Yoon meets Elon Musk in pitch for

Adeyemi Adeyemi

Global Courant 2023-04-27 08:24:04

Yoon calls South Korea an ideal country for Tesla to build a gigafactory, the report said.

South Korean President Yoon Suk-yeol has met with Tesla CEO Elon Musk in Washington, D.C. to call for investment in his country, Yonhap news agency reported, citing a presidential aide.

The two met Wednesday at Musk’s request while Yoon is in the United States on a six-day state visit, Yonhap said.

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Yoon touted South Korea as an ideal country for Tesla to build a gigafactory, citing the country’s advanced industrial robots and highly skilled workers, the news report said.

He also offered to provide support, including tax breaks, to attract the electric vehicle manufacturer’s plant.

Musk told Yoon that South Korea remains one of the top candidates for a Tesla Gigafactory and he expects to visit the Asian country, Yonhap said.

Tesla and Musk did not immediately respond to a request for comment from Reuters news agency.

In November, Yoon told Reuters the country would offer “tailor-made” incentives and minimize any hard-union risks to encourage Tesla’s investment, days after he had a video call with Musk.

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In March of this year, Musk announced that Tesla would build a new factory in Mexico, the first factory outside the US, Germany and China. Canada and Indonesia have also been mentioned as potential candidates for new Tesla plants.

South Korea’s Yoon meets Elon Musk in pitch for

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