The Globe and Mail reports in its Thursday, Jan. 29, edition that Ottawa and Seoul have signed a memorandum of understanding to attract South Korean automotive manufacturing and investment to Canada. The Globe's Steven Chase and Eric Atkins write that the MOU stems from the Asian country's campaign to win a multibillion-dollar contract to build up to 12 submarines for the Royal Canadian Navy. Industry Minister Melanie Joly and South Korean minister Kim Jung-kwan signed an agreement this week during a delegation visit to Ottawa to discuss the submarine bid. The ceremony occurred on Tuesday, according to a government official. Canada aims to strengthen its auto sector due to U.S. tariffs causing production cuts and layoffs. Southern Ontario hosts five automakers: Ford, GM, Stellantis, Honda and Toyota. Ford, GM and Stellantis have reduced production and laid off thousands of workers recently. The MOU is non-binding, but pledges both sides to working together to promote the manufacturing of autos, electric vehicles, batteries and hydrogen-powered vehicles. Ottawa and Seoul will collaborate on enhancing Korea's automotive presence in Canada and exploring electric vehicle manufacturing opportunities.