Senior government officials and business leaders from Canada and South Korea met in Ottawa on Tuesday to strengthen economic ties under the Invest in Canada initiative.
Hosted by Invest in Canada, the meeting focused on growing long-term cooperation in manufacturing, supply chains, and investment. Attendees included senior ministers from both countries and executives from major Korean companies in sectors such as automotive, energy, defence, and advanced manufacturing.
The talks followed industry forums held a day earlier in Toronto, where Canadian and Korean partners signed six memoranda of understanding covering manufacturing, advanced technology, energy, and industrial cooperation. Together, the meetings highlighted a shared interest in building stronger, more resilient supply chains amid global economic uncertainty.
Participants discussed expanding cooperation in areas such as clean energy, mobility, advanced manufacturing, and defence. They emphasized moving beyond one-time deals toward long-term partnerships that support local production, technology sharing, and job creation.
Officials also noted that large, long-term projects—such as Canada’s Patrol Submarine Project—could encourage broader Korean investment across multiple industries, including steel, energy, and digital systems.
Canadian representatives promoted Canada as an attractive destination for investment, citing its skilled workforce, access to critical minerals, and stable business environment. Korean officials and business leaders reaffirmed their interest in being long-term partners, particularly in future-focused sectors like electric vehicles, hydrogen, artificial intelligence, and clean energy.
Both sides agreed that their complementary strengths provide a strong foundation for deeper cooperation through the Invest in Canada initiative.
