March 8, 2024?

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Governor Whitmer Meets with President of South Korea, Companies during East Asia Investment Mission to Bring Supply Chain to Michigan??

During the final days of the mission, Governor Whitmer met with President Yoon and visited with companies to continue building ties between Michigan and South Korea in key industry areas?

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LANSING, Mich. ? Governor Gretchen Whitmer concluded her investment mission to East Asia today, meeting with public and private sector leaders in South Korea. During the trip, the governor focused on building relationships in key industries to bring jobs and critical supply chains back home to Michigan. ?

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During the mission, the governor opened Michigan?s first-ever Taiwan office focused on securing investments in key industries like automotive, semiconductors, renewable energy and advanced manufacturing to create good-paying jobs. The governor also announced four new economic development projects coming to Michigan, including LT Precision Michigan, LLC, which is establishing its North American headquarters in Holland, creating 70 new jobs and investing $43.2 million in the local economy.?

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?Michigan is a leader on the global stage, and it was an honor to share the story of our state with the help of our partners from South Korea and Taiwan,? said Governor Whitmer. ?With this investment mission and every future opportunity, my top priority is to bring more jobs, investment, and economic prosperity back home to Michigan. Whether forging connections with companies, meeting with dignitaries, or connecting with alumni from our great state universities, I have been proud to share what Michigan has to offer. I would like to thank the Michigan delegation of business and government leaders who travelled on this mission with me, and our host countries for a successful trip. I look forward to building a bright future together.??

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InterBattery Show and Company Meetings?

On Wednesday, the governor attended the InterBattery Show in Seoul, spending time at the Michigan booth and visiting leading battery manufacturing companies Samsung SDI and LG Energy Solution (LGES). Both companies have a strong presence in Michigan: Samsung SDI America Inc.?s North American headquarters are in the city of Auburn Hills, and in September 2023, the manufacturer of lithium-ion batteries for the auto industry announced a $41 million investment to double its manufacturing capacity in Auburn Hills to meet customer needs in the automotive sector, creating 368 new jobs.??

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Meanwhile, LGES announced a $1.7 billion investment in March 2022 to expand operations in Holland ? the battery maker?s first major expansion in Michigan since 2010. LGES? expansion will quintuple the plant?s capacity to help produce battery components as Michigan?s electric vehicle industry grows.?

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One-third of U.S. battery production and development takes place in Michigan.??

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In the evening, the governor participated in a University of Michigan networking event to connect with local alumni, celebrating the National Championship football team and encouraging their continued engagement with their alma mater.?

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On Thursday, the governor met with companies including SK Siltron and Hyundai Mobis, which both have a presence in Michigan, to discuss the state?s leadership within the semiconductor and automotive manufacturing industries. In August 2021, SK Siltron CSS announced plans to expand production of silicon carbide wafers. In September 2022, the semiconductor wafer manufacturer celebrated the ribbon cutting at its new manufacturing facility in Bay City. SK Siltron?s $300 million investment strengthened its commitment to Michigan and further boosted the state?s leadership in the national semiconductor supply chain.???

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The governor also met with South Korean President Yoon to further build connections between Michigan and South Korea and attended a dinner with the Gyeonggi Provincial Government.

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On the mission?s final day in Korea, the governor met with companies including LGES and Hyundai Motor Company to further tout the state?s leadership in automotive manufacturing and the electrification of mobility.?

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In 2023, Business Facilities ranked Michigan No. 1 for Automotive Industry and EV Investment in its 19th annual rankings report.?? ?

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