Electric vehicle subsidy US ‘strategic supply to free zones’ Korea ‘violation of FTA’

Regarding the US law on electric vehicle subsidies, the White House stated that the 'strategic supply of free zones' was 'Korea's interest', and the Korean government approached it as 'violation of free trade', and the gap widened.

After the meeting in Hawaii on the 2nd, Kim said, "The US tends to think that the (inflation reduction law) has many advantages in terms of alliances and economic security, especially in terms of restructuring the global supply chain."
In the result of the meeting with Sullivan, Security Office Director Kim Seong-han said, " (Sullivan) said that the IRA (Inflation Reduction Act) seems to have more positives than negatives from Korea's point of view, but how will the electric vehicle subsidy issue develop in the future? He said on the 31st of last month that he would look into the details of whether he would go crazy.
South Korean media reported that the US NSC will explain the results of the review to the South Korean side before the White House issues an executive order related to the IRA.
US President Joe Biden said on the 1st that memory semiconductor maker Micron will invest $15 billion over 10 years in a new memory semiconductor plant in Idaho, saying, "We will make electric vehicles, semiconductors, optical fibers and other key components in the United States." "We have only seen major announcements about new investments and jobs from First Solar, Toyota, Honda and Corning this week alone as a direct result of my economic plan," the statement said in a statement.
White House press secretary Carine Jean-Pierre said in a statement on the announcement of the Micron investment that "US manufacturing is back" and that "this kind of investment is possible with the handling of the semiconductor law."
Following the delegation from the Ministry of Trade, Industry and Energy of Korea who met Sarah Bianchi, Deputy Representative of the U.S. Trade Representative, Ahn Deok-geun, the head of trade negotiations, visited the United States at the IPEF (Indo-Pacific Economic Framework) ministerial meeting to continue high-level discussions, and Minister of Trade, Industry and Energy Chang-yang Lee also held a visit to the US. predicted
Regarding the meeting of the Korean delegation, the USTR said, "During the meeting, Deputy Representative Bianchi and Secretary Ahn emphasized the importance of the Korea-US trade alliance for security and prosperity of both countries. We have decided to maintain close contact for continued discussion,” he said. “We have decided to maintain close contact with each other.” In response to a question at the National Assembly Foreign Affairs and Unification Committee, 2nd Vice Foreign Minister Lee Do-hoon, “Hyundai Motor’s electric vehicle plant demands IRA deferral until the completion of Georgia in 2025.” “I have proposed to take some kind of interim measure by 2025,” he said. We also discussed ways to strengthen ties based on this,” he said on the 1st.
The Office of the President of the Republic of Korea announced on the 1st in a press release that "there were extensive consultations on the North Korean nuclear issue, high-tech and supply chain cooperation, and major regional and international issues" at the three-country security chiefs' meeting.
After the trilateral meeting, Kim told reporters, "If North Korea conducts its 7th nuclear test, the response will definitely be different from what it has been until now."
He continued, "We will maximize cooperation in a way that will make (North Korea) realize that it was a clearly wrong choice with the international community during the 7th nuclear test."
In his inaugural address, President Yoon Seok-yeol said, “If an individual's freedom is left to be violated, even the freedom of all members of our community will be threatened. If the conditions necessary to become a free citizen are not met, all free citizens must help each other in solidarity.” He added, “Individual freedoms are infringed and the dignity of free citizens is violated by hunger and poverty, and illegal acts by public and military forces, not only in individual countries but also internationally. If one life cannot be maintained, all citizens of the world must help each other in solidarity as free citizens." He said 'freedom' 35 times.
A South Korean official anonymously told Bloomberg, "The government views the US Inflation Reduction Act (IRA) as 'betrayal', which only benefits US electric vehicles and batteries." We have not yet decided whether to link it to other issues, but this is not ruled out.”

The Global Times of China published an editorial on the 3rd, saying, "Korea generally regards the IRA (Inflation Reduction Act) as a betrayal and a sword in its back. In Korea, the illusion of 'free and fair trade', which is a support for the US-led world order, is once again broken. I am gripped with disappointment and anger.”