Innovation, Science and Economic Development Canada
Canada, Korea Bolster Ties in Key Industries
Ottawa, Ontario
Yesterday, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, met with the delegation led by the Presidential Special Envoy for Strategic Economic Cooperation and Chief of Staff to the President of the Republic of Korea, Hoon-Sik Kang. They discussed key areas of collaboration for the two countries and ways to foster momentum for expanded bilateral industrial cooperation in strategic sectors-in particular, auto and battery manufacturing, critical minerals and artificial intelligence-and trade opportunities.
Minister Joly and her counterpart, Jung-Kwan Kim, Minister of Trade, Industry and Resources of the Republic of Korea, signed a memorandum of understanding (MOU) on strengthening Canada-Korea industrial collaboration on future mobility and establishing the Canada-Korea Industrial Cooperation Committee.
The MOU deepens the Canada-Korea Comprehensive Strategic Partnership, with its focus on economic prosperity and supply chain resilience. To support increased industrial growth, a forum will be established on Canada-Korea industrial collaboration for future mobility. This includes the intention to cooperate on advancing a Korean automotive industrial footprint in Canada and advancing domestic electric vehicle (EV) manufacturing opportunities. The Government of Canada is attracting new investments in the automotive sector that reinforce Canada's battery supply chain by supporting investment and cooperation in battery production, battery-materials processing and the refinement, processing and recycling of Canadian critical minerals. When it comes to critical minerals and auto manufacturing excellence, Canada has what the world wants and needs.
This MOU enhances the partnership between our two countries and will strengthen the automotive supply chain and enhance cooperation on critical mineral supply chains, clean energy transition and energy security. Through the expansion of this collaboration, our government is diversifying Canada's economy, attracting new investments that will create opportunities and well-paying jobs for Canadians, and securing economic resilience for years to come.
Canada is an auto nation-today, tomorrow and in the future-so our government is making strategic investments to protect jobs and strengthen the auto sector across the country.
https://www.canada.ca/en/innovation-science-economic-development/news/2026/01/canada-and-republic-of-korea-strengthen-ties-in-key-industrial-sectors.html
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