>Ottawa and Seoul have signed a memorandum of understanding intended to bring South Korean auto manufacturing and investment to Canada, according to a document reviewed by The Globe and Mail.
>The MOU stems from the Asian country’s campaign to win a multibillion-dollar contract to build up to 12 submarines for the Royal Canadian Navy.
>Industry Minister Mélanie Joly and her counterpart, Kim Jung-kwan, Minister of Trade, Industry and Resources, signed the MOU this week as a government delegation from South Korea visits Ottawa to talk about the submarine bid. The ceremony took place Tuesday, a government official said.
>The Globe and Mail is not naming the official because they were not authorized to speak on the matter.
cyclinginvancouver on
>The MOU on Korea-Canada Industrial Collaboration on Future Mobility and the Establishment of the Korea-Canada Industrial Cooperation Committee is non-binding but pledges both sides to working together to promote the manufacturing of autos, electric vehicles, battery manufacturing and hydrogen-powered vehicles.
>The agreement says Ottawa and Seoul will work on “advancing a Korean automotive industrial footprint in Canada” as well as “electric vehicle (EV) manufacturing opportunities.”
>It also says the two countries will co-operate on “growing Korea’s battery manufacturing presence in Canada” as well as the battery supply chain including “manufacturing, critical mineral extraction and refinement, research, development and extraction.”
>The MOU says this accord recognizes the “complementarity of the two economies and their significant potential for cooperation in the industrial sector.”
>It also talks of co-operation on hydrogen-powered commercial vehicles and a stable hydrogen production and supply chain.
ernapfz on
Best news for this week! Loving South Korea is growing on me! (sure hope this doesn’t upset the orange turd)
Little-Chemical5006 on
The Koreans are efficient.
olderdeafguy1 on
Carney’s successfully weaning our dependence on American trade.
twoducksinatub on
The unspoken thing about moving our manufacturing partners to be asian countries instead of american is we can finally properly legislate headlight glare. Headlights brighter than the sun beaming into your car cabin is because of our car regulations being handcuffed to america and they dont give a fuck about headlight safety issues. Also will give us a chance to detransition from this truck/suv dominated sector.
TheBiggerBobbyBoy on
Can’t wait for my Samsung Sedan. I like the phones, the cars should be great.
Familiar-Risk-5937 on
Right the fuck on!!! Great job.
Snakekekek on
South Korea is becoming a very strong partner / ally. They are great people with good values, very encouraging news!
Express_Advance4282 on
Its sad Canada can only assemble other nations cars, and we’re unable to manufacture our own.
prolongedsunlight on
And Canada will not send thugs to arrest South Korean workers who come to Canada to set everything up.
Fluid_Lingonberry467 on
They are 0% tariffs on Korean cars right now
This looks like a just or
We also have a huge trade imbalance with Korea
Trev-Osbourne on
I am sure the reaction down south will be normal.
Beepbeepboobop1 on
Happy to have stronger relations in Asia
Ticrotter_serrer on
Good! And as an added value they won’t have to worry about any Korean worker abduction by ICE. This might have just sealed the deal for Carney! Thanks Trump !
MarkDavid04 on
Is Carney in Korea, or still in Canada?
If he’s in Canada, this proves he doesn’t need to fly all over the place to get MOUs and agreements!
Fun_Huckleberry4385 on
Great news … and about time , since Koreans car have been in the maker for years without having a manufacturing car plant in Canada 🇨🇦.. GREAT NEWS FIR THE CANADIAN WORKERS..👍
Fatesadvent on
South Korean community thriving in Canada, no expert but this seems like good news. Would read article but seems like its paywalled
RepulseRevolt on
Goodbye American car makers, hello car companies that make great cars
funkiemarky on
Awesome. Been a Hyundai fan for a while now
omnisync on
Trump is going to be MAD we got a deal with South Korea and his deal with South Korea is dragging.
motherseffinjones on
Man Carney is really out here hustling lol
XianL on
Anecdotal, but my base model 2016 Accent is a fucking rock, I’d gladly buy another Hyundai car.
tiredtotalk on
Way to go PM Carney and South Korea 🤗 🇨🇦
ghanadaur on
This is good news.
Onterrible_Trauma on
Carney is killing it.
Mindless-Classroom97 on
New tariffs for both countries incoming in 3 2 1..
Abbizzle on
Cue Doug Ford foaming at the mouth
Negative-Hat-4632 on
Lol usa car manufacturers GET WRECKED. Trump doesnt need anything from us? Cool we dont need anything from them either
UmelGaming on
This also probably means we are getting the KSS-III submarines from South Korea. A few weeks ago, Canada had said that due to the competition being so close between SK and the Germany/Norway bid, they wanted both countries to bring more auto-industrial benefits to Canada as a sort of tiebreaker. Show which country is more serious about partnership, and to obviously reap the extra benefits of getting more jobs from the extra manufacturing. Volkswagen exists in Canada already, but only a single EV battery plant, iirc, and I have yet to hear a peep out of them regarding that. The Submarine company TKMS did another MOU since then but nothing out of Volkswagen or the German government since that was made.
Saisinko on
Add a clause that more kdramas need to be filmed here too.
Confident_One_6202 on
Support KIA and Hyundai. I have a brand new KIA for about a year and it’s amazing. I know they have bad reputation from the past but if you’re in the market, just do a test drive.
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>Ottawa and Seoul have signed a memorandum of understanding intended to bring South Korean auto manufacturing and investment to Canada, according to a document reviewed by The Globe and Mail.
>The MOU stems from the Asian country’s campaign to win a multibillion-dollar contract to build up to 12 submarines for the Royal Canadian Navy.
>Industry Minister Mélanie Joly and her counterpart, Kim Jung-kwan, Minister of Trade, Industry and Resources, signed the MOU this week as a government delegation from South Korea visits Ottawa to talk about the submarine bid. The ceremony took place Tuesday, a government official said.
>The Globe and Mail is not naming the official because they were not authorized to speak on the matter.
>The MOU on Korea-Canada Industrial Collaboration on Future Mobility and the Establishment of the Korea-Canada Industrial Cooperation Committee is non-binding but pledges both sides to working together to promote the manufacturing of autos, electric vehicles, battery manufacturing and hydrogen-powered vehicles.
>The agreement says Ottawa and Seoul will work on “advancing a Korean automotive industrial footprint in Canada” as well as “electric vehicle (EV) manufacturing opportunities.”
>It also says the two countries will co-operate on “growing Korea’s battery manufacturing presence in Canada” as well as the battery supply chain including “manufacturing, critical mineral extraction and refinement, research, development and extraction.”
>The MOU says this accord recognizes the “complementarity of the two economies and their significant potential for cooperation in the industrial sector.”
>It also talks of co-operation on hydrogen-powered commercial vehicles and a stable hydrogen production and supply chain.
Best news for this week! Loving South Korea is growing on me! (sure hope this doesn’t upset the orange turd)
The Koreans are efficient.
Carney’s successfully weaning our dependence on American trade.
The unspoken thing about moving our manufacturing partners to be asian countries instead of american is we can finally properly legislate headlight glare. Headlights brighter than the sun beaming into your car cabin is because of our car regulations being handcuffed to america and they dont give a fuck about headlight safety issues. Also will give us a chance to detransition from this truck/suv dominated sector.
Can’t wait for my Samsung Sedan. I like the phones, the cars should be great.
Right the fuck on!!! Great job.
South Korea is becoming a very strong partner / ally. They are great people with good values, very encouraging news!
Its sad Canada can only assemble other nations cars, and we’re unable to manufacture our own.
And Canada will not send thugs to arrest South Korean workers who come to Canada to set everything up.
They are 0% tariffs on Korean cars right now
This looks like a just or
We also have a huge trade imbalance with Korea
I am sure the reaction down south will be normal.
Happy to have stronger relations in Asia
Good! And as an added value they won’t have to worry about any Korean worker abduction by ICE. This might have just sealed the deal for Carney! Thanks Trump !
Is Carney in Korea, or still in Canada?
If he’s in Canada, this proves he doesn’t need to fly all over the place to get MOUs and agreements!
Great news … and about time , since Koreans car have been in the maker for years without having a manufacturing car plant in Canada 🇨🇦.. GREAT NEWS FIR THE CANADIAN WORKERS..👍
South Korean community thriving in Canada, no expert but this seems like good news. Would read article but seems like its paywalled
Goodbye American car makers, hello car companies that make great cars
Awesome. Been a Hyundai fan for a while now
Trump is going to be MAD we got a deal with South Korea and his deal with South Korea is dragging.
Man Carney is really out here hustling lol
Anecdotal, but my base model 2016 Accent is a fucking rock, I’d gladly buy another Hyundai car.
Way to go PM Carney and South Korea 🤗 🇨🇦
This is good news.
Carney is killing it.
New tariffs for both countries incoming in 3 2 1..
Cue Doug Ford foaming at the mouth
Lol usa car manufacturers GET WRECKED. Trump doesnt need anything from us? Cool we dont need anything from them either
This also probably means we are getting the KSS-III submarines from South Korea. A few weeks ago, Canada had said that due to the competition being so close between SK and the Germany/Norway bid, they wanted both countries to bring more auto-industrial benefits to Canada as a sort of tiebreaker. Show which country is more serious about partnership, and to obviously reap the extra benefits of getting more jobs from the extra manufacturing. Volkswagen exists in Canada already, but only a single EV battery plant, iirc, and I have yet to hear a peep out of them regarding that. The Submarine company TKMS did another MOU since then but nothing out of Volkswagen or the German government since that was made.
Add a clause that more kdramas need to be filmed here too.
Support KIA and Hyundai. I have a brand new KIA for about a year and it’s amazing. I know they have bad reputation from the past but if you’re in the market, just do a test drive.