South Korea will offer 'tailored' incentives to encourage Tesla to set up an electric vehicle gigafactory in the country and will minimise any risks posed by militant unions, President Yoon Suk-yeol told Reuters.
A woman walks past a Tesla dealership in Hanam, South Korea, July 6, 2020. Picture taken on July 6, 2020. REUTERS/Kim Hong-Ji
"We are preparing a tailored approach to grant some advantages to these specified companies," Yoon said through an interpreter, when asked about what advantage South Korean can offer to Tesla over other locations being mentioned. Yoon credited his government's tough response to labour union strikes this year for starting the process of establishing a rule of law in industrial relations for both management and labour.
"The militant union culture is a serious problem in South Korean society," Yoon said. He said he told Musk the goal of his labour policy is to establish the rule of law to eliminate the risks of unfair labour practices.
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