SEOUL, April 27 (Reuters) – South Korean President Yoon Suk Yeol met with Tesla (TSLA.O) CEO Elon Musk on Wednesday in Washington to name for funding in his nation, Yoon’s workplace stated.
The 2 met at Musk’s request as Yoon is within the U.S. for a six-day state go to, stated Choi Sang-mok, Yoon’s senior financial secretary, in line with a transcript of a information briefing Choi gave in Washington on Wednesday offered by Yoon’s workplace.
Yoon touted South Korea as a perfect nation for Tesla to construct a gigafactory, citing the nation’s innovative industrial robots and high-skilled employees, Choi stated.
“(President Yoon) additionally stated he would actively help Tesla by way of location, human assets and tax if it makes the funding choice,” Choi advised reporters.
[1/8] South Korea’s President Yoon Suk Yeol meets with Elon Musk, CEO of SpaceX, Tesla and Twitter, in Washington, U.S., April 26, 2023. Yonhap through REUTERS
Musk advised Yoon that South Korea stays as one of many high candidates for Tesla’s Gigafactories, and he would have a possibility to go to the Asian nation, in line with Choi.
Tesla and Musk didn’t instantly reply to a request for remark.
In November, Yoon advised Reuters that the nation would supply “tailor-made” incentives and minimise any dangers posed by unions to encourage Tesla’s funding, days after he had a video name with Musk.
In March this 12 months, Musk introduced Tesla will construct a brand new manufacturing facility in Mexico, which might be its first plant exterior of the US, Germany and China. Canada and Indonesia have additionally been cited as potential candidates for Tesla’s new manufacturing facility.
Reporting by Hyunsu Yim; Modifying by Leslie Adler
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