Our recent sales mission to Asia focused on strengthening relationships with our partners and attracting new investments in key sectors, including electric vehicles, life sciences and tech.

While in South Korea, we joined LSK Investment to announce their new $100-million life sciences fund for Ontario companies. This new fund will support early-stage life sciences companies with a focus on developing new therapeutics. LSK also announced their plans to open the first overseas office worldwide—and their first North American office—here in Toronto. This investment will strengthen Ontario’s growing life sciences sector. With Ontario’s talented workforce, the best R&D facilities and 65,000 annual STEM grads, more overseas companies are coming.

Speaker, companies around the world continue to choose Ontario for their future because our government has reduced the cost of doing business by $8 billion every single year.