South Korean President Yoon meets with Tesla’s Elon Musk

Published: Updated:
Enable Read mode
100% Font Size

South Korean President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday in Washington to call for investment in his country, news agency Yonhap reported, citing a presidential aide.

The two met at Musk’s request as Yoon is in the US for a six-day state visit, Yonhap said.


For all the latest headlines follow our Google News channel online or via the app.

Yoon touted South Korea as an ideal country for Tesla to build a gigafactory, citing the country’s cutting edge industrial robots and high-skilled workers, the report said.

He also offered to provide support including tax benefits to attract the EV maker’s manufacturing plant.

Musk told Yoon that South Korea remains as one of the top candidates for Tesla’s Gigafactories, and he would have an opportunity to visit the Asian country, according to Yonhap.

Tesla and Musk did not immediately respond to a request for comment.

In November, Yoon told Reuters that the country would offer “tailored” incentives and minimize any risks posed by militant unions to encourage Tesla’s investment, days after he had a video call with Musk.

In March this year, Musk announced Tesla will build a new factory in Mexico, which would be its first plant outside of the United States, Germany, and China. Canada and Indonesia have been also cited as potential candidates for Tesla’s new factory.

Read more:

Upgrades for launchpad imminent after SpaceX’s rocket blast pummeled site

SpaceX wins approval to add fifth US rocket launch site

Confusion after Elon Musk’s Twitter strips blue checks from agencies

Top Content Trending