South Korean President Yoon meets with Tesla’s Elon Musk – Yonhap

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ3P11H_L.jpg

The two met as Yoon is in the U.S. for a six-day state visit.

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.

In November, Yoon held a video call with Musk and offered “tailored” incentives and vowed to minimise any risks posed by militant unions to encourage Tesla’s investment.