{"id":2199605,"date":"2022-11-30T10:37:11","date_gmt":"2022-11-30T10:37:11","guid":{"rendered":"https:\/\/www.nknews.org\/koreapro\/?p=2199605"},"modified":"2023-04-05T16:10:54","modified_gmt":"2023-04-05T07:10:54","slug":"will-south-korea-be-the-next-country-to-host-a-tesla-gigafactory","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2022\/11\/will-south-korea-be-the-next-country-to-host-a-tesla-gigafactory\/","title":{"rendered":"Will South Korea be the next country to host a Tesla gigafactory?"},"content":{"rendered":"
During a <\/span>virtual meeting<\/span><\/a> with Elon Musk, the head of SpaceX, Tesla and Twitter, President Yoon Suk-yeol raised the possibility that South Korea could be the home of Tesla\u2019s next electric vehicle \u201cgigafactory.\u201d<\/span><\/p>\n A <\/span>gigafactory<\/span><\/a> is a lithium-ion battery and electric vehicle component center that supplies battery packs for Tesla vehicles. There are currently five gigafactories worldwide, and Musk apparently hopes to add a sixth to the Asian region to complement the one in Shanghai.\u00a0<\/span><\/p>\n Although Musk stopped short of promising it would be in South Korea, he did <\/span>respond<\/span><\/a> to Yoon\u2019s entreaties by saying he considers Korea a \u201ctop investment\u201d candidate and plans to make a decision by comprehensively reviewing investment conditions such as manpower, technology levels and production environment.<\/span><\/p>\n When asked by reporters how he planned to encourage Tesla to choose to set up a gigafactory in South Korea over other Asian countries, Yoon <\/span>stated<\/span><\/a> that his administration would offer \u201ctailored\u201d incentives.<\/span><\/p>\n That means that on top of South Korea\u2019s inherent strengths \u2014 highly skilled workers and a developed automotive supply chain \u2014 Yoon may provide government assurances that companies like Tesla will not have to worry about financial, regulatory or labor hurdles present in other economies.<\/span><\/p>\n