Canada Signs MOU With South Korea To Boost Industry

On Wednesday, Canada’s Industry Minister Melanie Joly signed a memorandum of understanding with South Korean counterparts in Ottawa to establish a Canada-Korea Industrial Cooperation Committee focused on "future mobility." The MOU highlights electric vehicle production, battery supply chains, critical minerals processing and artificial intelligence as strategic sectors, and aims to diversify Canadian exports and attract investment. Officials cited potential job creation but gave no specific investment amounts or timelines.