Ontario Concludes Successful Trade Mission to South Korea and Japan

14
AdvertisementLeaderboard

TORONTO — The Ontario government has concluded a successful trade mission to South Korea and Japan to strengthen economic partnerships and forge new alliances. The mission, led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, focused on attracting new investments and showcasing Ontario as the innovation and manufacturing gateway to North America.

“This mission has been all about re-engaging with our trusted partners and friends in South Korea and Japan and building upon our strong relationships and long history of collaboration,” said Minister Fedeli. “Companies around the globe are looking to Ontario for their future and our government is proud to champion and support our industry leaders and innovators, as we continue to attract new investments.”

From September 2 to 10, Ontario’s delegation met with large multinationals in both countries to promote the province’s strengths in automotive, aerospace and other key emerging sectors. This included a meeting with business leaders at LG Energy Solution to thank them for their record-breaking $5 billion investment in Ontario. With the support of Ontario and the federal government, LG Energy Solution and Stellantis have joined forces to build the province’s first large-scale electric vehicle battery manufacturing plant. The project is part of the government’s plan to build Ontario and become the North American hub for developing and building the cars of the future.

Additional highlights of the mission included meetings with Honda, Toyota, Panasonic, Samsung and Mitsubishi Heavy Industries, as well as some of the world’s leading technology companies such as NAVER and Megazone Cloud.

The province is building on $16 billion in investments that have been made over the last 21 months by automakers and EV battery manufacturers. With a talented workforce, state-of-the-art research and development facilities, award-winning manufacturing and access to an abundance of critical materials, the province is well-positioned to build the cars of the future. Companies around the globe, including those in South Korea and Japan, are looking to Ontario for their future.

Ontario continues to adopt innovative and forward-thinking approaches to attract investment and be a leading destination to do business.

Facebook Comments
Print Friendly, PDF & Email