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South Korea, Japan trade mission aims to forge new alliances

DCN-JOC News Services
South Korea, Japan trade mission aims to forge new alliances

TORONTO — The Ontario government recently concluded a trade mission to South Korea and Japan, focused on attracting new investments and showcasing Ontario as the innovation and manufacturing gateway to North America.

The mission, which took place from Sept. 2 to 10, was led by Vic Fedeli, minister of economic development, job creation and trade.

Ontario’s delegation met with large multinationals in both countries to promote the province’s strengths in automotive, aerospace and other emerging sectors, including a meeting with business leaders at LG Energy Solution to thank them for the $5 billion investment in Ontario, states a release.

With the support of the provincial and federal governments, 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 become the North American hub for developing and building the cars of the future, adds the release.

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

“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 Fedeli in a statement. “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.”

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