S. Korea to offer ‘tailored’ benefits to woo Tesla

Special service: Yoon speaks during a cabinet meeting at the presidential office in Seoul. The South Korean government says that if companies like Tesla and Space X set up shop in the country, it would present a tailored approach to grant them advantages. — AP

SEOUL: 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, says President Yoon Suk-yeol.

Yoon held a video call with Tesla chief executive Elon Musk last week and Yoon’s office cited Musk as saying South Korea is one the top candidate locations for a new Tesla factory.