South Korea-Japan trade mission aims to forge new alliances

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TORONTO — The Ontario government recently concluded a trade mission to South Korea and Japan, aimed at attracting new investment and showcasing Ontario as the gateway to innovation and manufacturing in America North.

The mission, which took place from September 2 to 10, was led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade.

The Ontario delegation met with major multinationals from both countries to promote the province’s strengths in the automotive, aerospace and other emerging sectors, including a meeting with business leaders from LG Energy Solution to thank them for having $5 billion investment in Ontario, a statement said.

With support from 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, the statement added.

Other highlights of the mission include 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 about re-engaging with our trusted partners and friends in South Korea and Japan and building on our strong relationships and long history of collaboration,” Fedeli said in a statement. “Businesses around the world look 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 investment.

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