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As the sub’electric vehicle subsidy rules’ of the US Inflation Reduction Act (IRA) were announced, the Korean government and media interpreted it as a ‘battery subsidy’. The U.S. Department of the Treasury announced on the 31st that it would implement a rule from the Internal Revenue Service that requires automakers to certify that their vehicles meet parts and mineral requirements. In the regul..

The United States and Japan agree to trade negotiations to control the distribution of battery minerals by raising the standard for “prevention of labor abuse,” and this standard will also be applied to negotiations with Europe. In Korea, the K-battery policy began with the system of 'abuse of labor 69 hours a week'. “The United States and Japan have committed to raising labor and environmental ..

Europe, Britain, and Japan, which did not conclude a free trade agreement (FTA) with the United States, have begun renegotiating fair trade by converting the “free value” of the free trade agreement (FTA) specified in the Inflation Reduction Act (IRA) into “mineral trust.” The New York Times reported on the 8th that the Biden administration confirmed attempts to conclude a new agreement with Jap..