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Yin Xiyue Prepares ‘Tailored’ Benefits to Attract Tesla Gigafactory in Korea – WSJ

Yin Xiyue told Musk that she is working to improve South Korea’s labor policy and intends to establish a rule of law system to address conflicts in labor relations.

Recently, South Korean President Yin Xiyue said that “tailored” benefits will be provided to attract Tesla’s super factory in South Korea.

According to a November 29 Reuters report, Yin Xiyue had a video call with Tesla CEO Elon Musk (Elon Musk) last week. Yin Xiyue’s office quoted Musk as saying South Korea is a top candidate for Tesla’s new factory. While Canada, Indonesia, India and Thailand were also mentioned as possible candidates for Tesla’s new factory, analysts point out that these countries do not have a mature automotive supply chain like South Korea.

During the video call, Yin Xiyue said that “tailored” incentives would be offered to encourage Tesla to build a Gigafactory in South Korea. South Korea will provide a large number of highly skilled workers, and the South Korean government will also ensure that companies foreign companies locating there will not face unforeseen financial or regulatory hurdles and will minimize the risks that radical unions could bring to the Tesla factory. Yin Xiyue told Musk that she is working to improve South Korea’s labor policy and intends to establish a rule of law system to address conflicts in labor relations. Yin Xiyue accused the former South Korean government of frequently compromising with powerful trade unions, leading to a vicious circle of illegal strikes and “making radical union culture a serious problem in Korean society.”

According to reports, a few days ago, about 9,600 truck drivers in South Korea went on a large-scale strike, and the action has entered its fifth day. Yoon’s government is taking steps to use executive orders to force truck drivers back to work.

Author of this article: Nan Boyi, source:news on the riseoriginal title: “Yin Xiyue Prepares for ‘Tailored’ Benefits to Attract Tesla Gigafactory to Korea”

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