Biden: ‘Korean company CEO invests in excellent American workers’

U.S. President Joe Biden said in his Labor Day speech that “Korean companies invest because they have excellent American workers.”
President Biden said in a speech in Milwaukee, an industrial area in the north-central part of the United States on Labor Day on the 5th, "Do you know what Korean business leaders explained to me why they want to come to the United States?" "We have the safest environment and the best workers in the world." Because they are doing it," Yonhap News reported on the 6th.
Biden's speech continued, "It's not just a saying, it's a reality. We're building the future of America, and the future of America will be where American workers use American products made in American factories." 

In the May agreement between the ROK and the US leaders, 'expanding the global automotive battery supply chain, strengthening public-private partnerships' and 'initiating economic and security dialogues with the National Security Office', the US previously announced as a strategy to enhance the international competitiveness of American workers to Korean conglomerates.

The U.S. State Department reported that the U.S. State Department has been improving its export control and investment review system and improving its export control and investment review system in the <Unified National Strategy: Korea> released on June 21, the U.S. State Department reported. Conglomerates should invest more in safer and more sustainable supply chains. In particular, semiconductors, high-performance batteries, key minerals, and biopharmaceuticals” were identified as detailed strategies.
It seems that President Biden shared the strategy of a unified nation at a summit meeting with President Yoon Seok-yeol in Seoul on May 21 before the US State Department unveiled the strategy for Korea.
The U.S. Integrated Country Strategy aims to focus on U.S. missions in each country for four years. For the Korean version, the strategy for 2017 to 2021 ended earlier, and a new strategy for 2022 was announced this time including the 'chaebol'. done.
In the detailed strategy, it is stated that “like-minded partners in Korea and the United States promote an inclusive framework and worker-centered economic policy to enhance the international competitiveness of American workers.” US investment is indicated.
The Unified National Strategic Goals “deepen Korea’s commitment to overcoming international challenges that threaten security and prosperity in the region,” it said. We will encourage clear-eyed relations to promote regional stability and, in particular, to promote policy toward North Korea.”
The second goal of the Unified National Strategy is “a comprehensive partnership between the United States and the Republic of Korea contributes to mutual prosperity, inclusive growth, and a post-pandemic economic recovery that results in more resilient supply chains, improved market access for U.S. exports and investment, increased ROK FDI in the U.S., and expanded people-to-people ties.

The joint statement of the May Korea-US summit “recognizes the importance of deepening cooperation in economic and energy security, which is essential for our prosperity, common security, and safeguarding collective interests. To support this initiative, the two leaders will instruct the ROK-US National Security Office to launch an economic and security dialogue to coordinate administrative and policy approaches between the two governments. They agreed to strengthen public-private partnerships to protect and promote core and emerging technologies, including batteries, artificial intelligence, quantum technology, biotechnology, biomanufacturing, and autonomous robots. Furthermore, the two leaders reaffirmed their active support for people-to-people exchanges between experts in these fields”, “The two leaders also reaffirmed their support for the promotion of resilient supply chains for key items such as semiconductors, batteries, and core minerals, on a regular basis for ministerial-level supply chains. ㆍAgreement to establish industrial dialogue”, etc.

Minister of Commerce, Industry and Energy Lee Chang-yang announced at the National Assembly on the 22nd of last month that he would “actively review whether to file a complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act.”

A government official told Bloomberg on the 2nd, "I see the US Inflation Reduction Act (IRA), which only benefits US electric vehicles and batteries, as a 'betrayal'" anonymously.

He said, "The Korean government considers it unfair that such a law came out in the United States after a series of large-scale US investment announcements by Korean companies."

"The two leaders also agreed to establish regular ministerial-level supply chain and industry dialogues to discuss promoting resilient supply chains for key items such as semiconductors, batteries, and core minerals," the joint statement said.

"The middle class built America, and it's the unions that made the middle class," Biden said in his Labor Day speech.

President Biden has accused Trump of zealous supporters of the Republican campaign slogan "Make America Great Again (MAGA)" "extremism, a fundamental threat to American democracy."

Former President Trump immediately attacked Biden as an 'enemy of America'.