Tag: Tesla

President Yoon Meets with Elon Musks and Lobbies for Tesla Investment in South Korea

South Korea is a much better location than China to be building a Gigafactory. The Chinese government is already meddling in Tesla operations in Shanghai. Tesla would likely be free of such meddling with a South Korea based plant:

President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday and asked for his investment in a gigafactory in South Korea, a presidential official said.

The meeting took place at Musk’s request during Yoon’s state visit to the United States, according to senior presidential secretary for economic affairs Choi Sang-mok.

Yoon said South Korea boasts world-class manufactured robots and an advanced labor force, making it an ideal location to run a gigafactory.

“Should Tesla decide to invest, we will provide active support in terms of location, workforce and taxes,” he was quoted as saying.

Musk responded that he expects to pay a visit to South Korea, saying the country remains an interesting and leading candidate to host a gigafactory, according to Choi.

Yoon also voiced hope for greater cooperation between South Korean businesses and SpaceX, a U.S. spacecraft company headed by Musk, to help foster South Korea’s space industry.

Yonhap

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