"Tax Benefits for Investing in Han"… Yoon Meets Musk, Brochure Sales (Comprehensive)

Split between summit and state banquet
Meeting Elon Musk to request investment
Musk: "Korea is one of the top candidates for Giga Factory"

During his state visit to the United States, President Yoon Suk-yeol met with Elon Musk, CEO of Tesla, on the 26th (local time). After concluding the Korea-US summit and before attending the state banquet, President Yoon took time out at Musk's request for the meeting. President Yoon personally held a brochure and attempted a sales pitch.

Choi Sang-mok, Senior Secretary for Economic Affairs at the Presidential Office, explained to reporters at the press center set up in Washington that afternoon, "The meeting was arranged suddenly as Musk requested it to coincide with President Yoon's visit."

President Yoon Suk-yeol, on a state visit to the United States, is meeting with Elon Musk, CEO of Tesla, at Blair House, the official guest house near the White House in Washington DC, on the 26th (local time).
[Photo by Yonhap News]

Previously, in November last year, President Yoon had a video conference with Musk to discuss investment cooperation plans. President Yoon requested Tesla to invest in Korea regarding the 'Gigafactory' (electric vehicle production facility) Tesla plans to establish in Asia, and Musk evaluated Korea as "one of the top priority investment candidates." At that time, President Yoon listened to Tesla's plan to build a Gigafactory producing finished electric vehicles in the Asian region in the future. In response, he explained Korea's world-class automotive industry ecosystem and investment conditions and requested investment.

During this meeting as well, President Yoon emphasized, "Korea possesses top-level manufacturing robots and highly skilled personnel," and stated, "Korea is the country where Tesla can achieve the highest efficiency in operating a Gigafactory." He also expressed his willingness, saying, "If Tesla decides to invest, we will actively support site selection, manpower, tax benefits, and so on." President Yoon personally handed over a specially produced brochure related to attracting the Gigafactory.

Musk reiterated, "Korea is very interesting as a Gigafactory investment site and remains one of the top candidate countries," adding, "There will be an opportunity to visit Korea." SpaceX, the space company led by Musk, was also mentioned at this meeting. President Yoon said, "We hope cooperation with SpaceX will expand further to foster South Korea's space industry," and added, "We look forward to Korean companies joining the new path of innovation and challenge."

This content was produced with the assistance of AI translation services.