US-Germany-French IRA ‘Agreement’ Vs Korea ‘Unity with Europe to continue amendments to the US’

On the same day that the US agreed to activate the Inflation Reduction Act (IRA) with German and French economic ministers, South Korea announced that it would continue negotiations with the US to revise the IRA Act in alliance with Europe.
German Economy Minister Robert Habeck and French Economy Minister Bruno Le Maire said in a press conference after meeting with US Treasury Secretary Janet Yellen on the 7th that "it was agreed that there should be transparency about certain subsidies so that the European Union can respond if necessary." .
While the United States has continued its approach of agreeing on normal operation with major European countries by negotiating between economic ministries rather than the diplomatic sphere, Korea and the United States showed a gap in approaching the IRA Act as a diplomatic dispute.
The U.S. Commerce Secretary met with the German and French economic ministers on the 7th immediately after the agreement with the economic ministers of the three countries, and Treasury Secretary Alan visited the GM and LG Ensol battery factories built with federal subsidies the next day (8th) to discuss 'subsidy transparency' and 'transparency in subsidies'. He gave a speech about the benefits of Korean companies.
Treasury Secretary Janet Yellen visited the Ultium Cells battery plant in Spring Hill, Tennessee and said, “IRAs provide meaningful tax credits to promote clean energy investment and production. In addition to Ultium Cells, Ford Motor Company and SK On's battery plant built in Kentucky and Hanwha Q Cells' solar module plant in Georgia said, "IRA was enacted only six months ago, but it has already been established at each stage of the clean energy supply chain. of companies have announced tens of billions of dollars in projects that will create thousands of good, good-paying jobs."
Yellen went on to say that Europe's own clean energy subsidy policy in response to the US IRA is "good climate policy" and that "there is enough business (opportunity) for us all to benefit from the clean energy transition." reported by Reuters.
He went on to explain the domestic payment transparency system, saying, “The U.S. Treasury Department is focusing on properly implementing the IRA, and while trying to maximize the economic effect of the law, we are creating guardrails so that the effect goes where intended.”
Previously, the economic ministers of the United States, Germany and France agreed to “guarantee transparency” in subsidies for electric vehicles.
Vice Foreign Minister Lee Do-hoon met with U.S. Undersecretary of State for Economic Affairs Jose Fernandez in South Africa on the 7th to discuss measures for economic security cooperation between Korea and the U.S., including the Inflation Reduction Act, the Ministry of Foreign Affairs announced.
The Ministry of Foreign Affairs announced that Vice Minister Lee met with Vice Minister Fernandez on the occasion of the MSP Vice Ministerial-level meeting held in Cape Town to discuss issues of interest to the Korean government, such as the issue of discrimination against Korean-made electric vehicles in the US IRA.
After an agreement with the US Treasury Secretary on the 7th, German and French economic ministers met with the Commerce Secretary and then with White House officials.
South Korea agreed to form a separate intergovernmental consultative body at the level of the US Trade Representative (USTR) and the Trade Negotiation Headquarters of the Ministry of Trade, Industry and Energy after the US enforced the IRA Act.
Following the working-level discussions between Korea and the United States, President Seok-yeol Yoon, Prime Minister Deok-soo Han, Minister of Industry Lee Chang-yang, and Trade Minister Deok-geun Ahn visited the United States with President Biden, Vice President Harris, Secretary of Commerce Gina Ramondo, and U.S. Trade Representative Catherine Tai, respectively. It was announced to Korea that it demanded resolution of problems such as meeting and revision.
On the 3rd, the foreign ministers of the ROK and the U.S. signed the “Protocol for Revision and Extension of Korea-U.S. Science and Technology Cooperation” in Washington.
Foreign Minister Jin Park said at the press conference, “We will seek ways to cooperate between the US and Korea under the Semiconductor Science Act.” We will work together so that it can be implemented in a way that can benefit everyone.”
“We decided to make substantial progress to revive our economy and make people feel at ease,” Minister Park said at a meeting with Washington Correspondents on the same day.
At a meeting between the leaders of New York on September 26, 2022, Minister Park said, "President Biden listened to concerns and responded to solve this problem well." This 'reaction to solve it well' was revealed.
On the same day, Minister Park said to JTBC, "The Korean and US leaders did not have enough conversations about the US IRA issues in a short meeting." showed a reaction" and wrote 'reaction'.
Ambassador to the US Cho Tae-yong said at a meeting with correspondents at the Korean Cultural Center in Washington, DC, "President Seok-yeol Yoon and US President Joe Biden met three times on the occasion of the UN General Assembly and talked about key issues between Korea and the US." It is a meaningful result to discuss concerns and confirm the will of serious cooperation on this issue."
On the day when Minister Park’s’reaction to solve it well’ came out, the recording scene of the controversy of’Biden’ and’Blowing’ came out at MBC, and was reported the next day.
On August 25 of last year, Minister of Commerce, Industry and Energy Lee Chang-yang revealed the response of the public-private joint team and said, “Since there are great concerns about Korea, Germany, and Japan, which are exporting electric vehicles to the United States, the public and private sectors need to communicate at all times to collect opinions and prepare countermeasures. There is,” he said, revealing the European Union’s response policy.
In December of last year, the Korean government submitted opinions on two separate occasions to the US government and the Congress, including detailed revisions to the bill, such as granting a three-year grace period for implementing tax credits for eco-friendly vehicles, expanding the scope of commercial eco-friendly vehicles, and specifying battery requirements.
Ahn Deok-geun, head of the Trade and Industry Negotiation Headquarters, said, “We will continue to reflect our opinions in the IRA guidance as much as possible, while maximizing various incentive benefits within the IRA through close communication with the industry.”
Ahn and a joint delegation from the government and the National Assembly went to the United States to negotiate a response plan to the IRA.
Then, on December 11, Vice Foreign Minister Lee Do-hoon departed for the Korea-US Senior Economic Council (SED).
At the time, Maeil Business News reported on December 23, 2022 that “the government is making all-out efforts to persuade the US government and Congress to revise the law on the’eco-friendly vehicle tax credit’.”
<'Transparency' cooperation system in the United States Germany and France Inflation Reduction Act, dated February 8, 2023. Park Jin’s “Reaction to Let’s Solve Well” Cho Tae-yong’s “Confirmation of Willingness to Cooperate”, September 27, 2022. Electric vehicle subsidy US ‘free zone strategic supply’ Korea ‘FTA violation, dated September 2, 2022. The U.S. and France’s ‘semiconductor battery resynchronization agreement’ excludes electric vehicles, see December 2nd. September 23, “The opposition party attacks the United States” with senior Kim Eun-hye’s “injury to the national interest between allies” >