ANI
24 Nov 2022, 12:37 GMT+10
Seoul [South Korea], November 24 (ANI/Global Economic): South Korean President Yoon Suk-yeol had a video call with Tesla and SpaceX CEO Elon Musk on November 23 and asked for investment.
Musk said he is considering Korea to be one of the top candidates for investment, the presidential office said in a press release. According to South Korea's presidential office, President Yoon had a video call with Musk on the 23rd.
President Yoon was originally scheduled to meet Musk last week after attending the G20 summit and the B20 Summit held in Bali, Indonesia, but had the video call instead as Musk's visit was canceled.
At the video meeting, Musk explained his plan to build a Gigafactory to produce electric vehicles (EVs) in Asia. Yoon also explained Korea's world-class automobile industry ecosystem and investment conditions, asking for investment.
Yoon praised the innovative achievements of Tesla, which is leading the EV market, and SpaceX, which succeeded in recycling the world's first orbital rocket.
Referring to the domestically developed rocket 'Nuri,' which was launched in June this year, Yoon also asked for cooperation between SpaceX and Korean space companies.
In addition, he said he would reform unreasonable regulations that hindered investment to meet global standards.
In response, Musk said he is considering Korea to be one of the top candidates for investment. He said he would make the decision after reviewing investment conditions in other countries, including labor quality, technology level and production infrastructure, according to the presidential office.
He also expressed his willingness to invest in Korean EV charging infrastructure, saying, "Tesla is using lots of Korean parts in autonomous driving and artificial intelligence-related fields." (ANI/Global Economic)
Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationAMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...
TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...
DUBLIN, Ireland: Taoiseach Leo Varadkar has said that Intel's new factory in Co Kildare will play a "strategic" role in ...
SEATTLE, Washington: As part of Washington's efforts to stop Big Tech from monopolizing the most lucrative parts of the internet, ...
Starlink will reportedly sell terminals and connectivity kits in several countries on the continentElon Musk's SpaceX will partner with e-commerce ...
Of the many "profound risks to society and humanity" that have tech experts worried about artificial intelligence (AI), the spread ...
AMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...
TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...
ISLAMABAD, Pakistan - According to The News, the federal government is considering selling its stake in the Reko Diq project ...
NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...
DUBLIN, Ireland: The chief medical officer has issued a stark warning regarding the alarming levels of cannabis consumption in Ireland, ...
OAKLAND, California: As their current contract expires and their unions prepare to strike, Kaiser Permanente workers' representatives said, on September ...