Canada and South Korea Pledge to Deepen Auto Manufacturing Ties

The Canadian and South Korean governments promised to look at bringing Korean auto manufacturing to Canada as part of a broader effort to deepen industrial cooperation.

The non-binding memorandum of understanding was signed this week as a high-level Korean delegation, including the presidential chief of staff and top shipbuilders, toured Canada in an effort to land a multi-billion dollar submarine contract.

The document outlines “the intention to cooperate on advancing a Korean automotive industrial footprint in Canada and advancing domestic electric vehicle manufacturing opportunities,” Canadian Industry Minister Melanie Joly’s office said in a statement.

The two countries also ...