France’s Macron to Court Hyundai, Samsung, LG, Other Korean CEOs

(Bloomberg) — French President Emmanuel Macron will meet with the leaders of top South Korean companies on Wednesday, including Hyundai Motor Co., LG Electronics Inc. and Samsung Electronics Co., senior Elysee officials said.

(Bloomberg) — French President Emmanuel Macron will meet with the leaders of top South Korean companies on Wednesday, including Hyundai Motor Co., LG Electronics Inc. and Samsung Electronics Co., senior Elysee officials said.

The chief executives are traveling to France with Korean President Yoon Suk Yeol, who is scheduled to have a working lunch with Macron in Paris on Tuesday.

Macron will host an initial gathering with eight CEOs, in which he will pitch his plan to reindustrialize France and transform it into a key tech hub.

The French leader will then hold individual talks with the heads of SK and Samsung to discuss chips and batteries, according to the officials. 

The meetings take place at a moment when European leaders are especially eager to attract investment. The clean-technology incentives in US President Joe Biden’s landmark climate bill, the Inflation Reduction Act, are fueling concerns that Europe will fall behind in the race to attract production of electric-vehicle components and other key technologies.

The officials added that France will also stress its willingness to assist South Korea with its plans to expand its nuclear power industry.

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