South Korea president Yoon Suk-yeol told Reuters that the country plans to offer "tailored" incentives to encourage Tesla to establish an electric vehicle gigafactory in South Korea and will minimize any risks presented by unions. The president held a video call with Tesla CEO Elon Musk last week, and the office cited Musk as saying the country is among the top candidates for a new gigafactory. "If Tesla, Space X or other companies are considering more investment in Korea including constructing a gigafactory, the government will do our best to support the investment," Yoon told Reuters during a broader interview in his office. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TSLA: