Yoon asks Tesla CEO Musk to invest in S. Korea

▲ South Korean President Yoon Suk Yeol (R) laughs with Tesla CEO Elon Musk during their meeting at Blair House in Washington on April 26, 2023. (Pool photo) (Yonhap)

Yoon-Musk

Yoon asks Tesla CEO Musk to invest in S. Korea

By Lee Haye-ah

WASHINGTON, April 26 (Yonhap) -- 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.

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