Elon Musk Sees South Korea as Top Investment Location

November 23, 2022

Twitter CEO Elon Musk has been looking forward to invest in South Korea.

According to the Korean presidential office, Musk sees South Korea as top candidates for its plan to install a Gigafactory for the production of its Electrical Vehicles

The presidential office also said that Tesla Chief also praised quality Korea-made automotive components

Musk's Tesla has planned to step up cooperation with South Korea on supply chains, Yoon's office said.

Musk had made the remark in a video call with President Yoon Suk-yeol.

As Yoon was aware of Tesla's plans to build a factory in Asia in the future, his office said, Yoon asked Musk to build the factory in South Korea.

In response, Musk said he considered South Korea as top investment location and would make the decision after reviewing labour quality, technology and production infrastructure.