Samsung and Hyundai, the Korean conglomerates that grew up with US security technology support as a joint venture between Korea and the US, took the lead.
In a speech at the Samsung Pyeongtaek campus right after visiting South Korea, US President Joe Biden said, "A company that grows through responsible technology development and innovation like Samsung is very important in shaping the future and path of our two countries. This is the direction we want our two countries to go." said on the 20th.
Hyundai Motor Group transformed into an American company on the 21st in the United States by announcing that it will invest 6.3 trillion won in the construction of an electric vehicle-only plant and battery cell plant for the first half of 2025 at the same time. The factory has been built and is in operation, and Hyundai Motor's US production subsidiary in Alabama is an American company that produces Genesis GV70 electrified models (EVs) in addition to parts and logistics systems.
Hyundai Motor Group produced 100,000 units of purpose-based vehicle (PBV), an electric vehicle auxiliary item for mass production in 2030, in Hwaseong, with “hundreds of billions” or 1/100 of Kia’s 21 trillion won in electric vehicle investment in Korea, compared to the full investment in the US to build an electric vehicle-only plant. was announced on the 18th.
Since March last year, the Biden administration has been using South Korea, Japan, and Taiwan as a strategy to exclude the global semiconductor supply chain instead of the Republican Trump's pressure on China on tariffs, and the technology alliance has been expanded in the Ukraine war.
IPEF is a joint venture between a Korean conglomerate and the Yoon Seok-yeol government prior to this Japan Quad meeting, when President Biden unveiled the Indo-Pacific Economic Framework (IPEF) at the East Asia Summit (EAS) in October last year. and put pressure on other allies.
President Seok-Yeol Yoon announced his membership in the IPEP as an election pledge, and voluntarily selected US corporations and Korea-US joint ventures for Korean conglomerates that have grown rapidly with US security technology support.
President Yoon presented a political ideology for the restoration and spread of liberalism in the Cold War system, reinforcing a strategy on corporate dependence on the United States rather than the right to political self-determination. As Prime Minister, he chose to abolish his political right to self-determination.
The Biden administration seems to have supported the CIA project information for the North Korea-US summit by the Trump-Moon Jae-in trade in order to attack the former Moon Jae-in regime, which is the majority party, within the limits of the minority party in the Congress of the Yun Seok-yeol administration.
In the United States, the Chairman of the Heritage Foundation, who made the Republican minority party's strategy to attack Congress 40 years ago under the Reagan regime, visited Korea and had a 'close conversation' with President Yoon.
In the US-DPRK summit project that the Trump Republican system attempted to CIA, President Moon Jae-in took the driver's seat, and the Korea Mission Center (KMC) operated with 800 agents for four years to avoid congressional surveillance, and the Korean Peninsula became a stepping stone for the operation, and the Biden administration. has evaluated it over a long period of time from the beginning of his inauguration and defined it as a failure.