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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 ..

The strategy of relying on the US Inflation Reduction Act (IRA) to block Chinese lithium iron phosphate LEP batteries that are 2/3 the price of Korean 3-ion batteries and to grow rapidly in the Korean stock market has failed. The U.S. changed battery minerals from China to ‘produced in the U.S.’ for anode materials for LEP batteries by supporting renewable battery companies. On the 9th, the US D..

Ford Motor Company of the United States officially announced on the 13th that it would build an iron phosphate battery plant in Michigan with CALT of China. Last year, Ford signed a contract with South Korea’s SK On to build three triionic battery factories as a “joint venture,” showing a gap. "Manufacturing in the United States will bring us closer to battery independence," said Ford chairman B..

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 Ye..

South Korea requested a “commercial electric vehicle (EV) tax credit” from the U.S. Treasury Department, and Toyota Motor Corp., GM Tesla, and others expressed their “opposition” opinions. On the 6th, the Korean government issued a public comment on the US Inflation Reduction Act (IRA) to the US Internal Revenue Service (IRS-2022-0027-0001) (The Government of Korea's Comments on the Implementati..

The U.S. Department of Agriculture has launched a program to pay up to $170,000 to mortgage lenders, starting with $310 million in debt relief for farmers under the Inflation Reduction Act. The U.S. federal government pays the Department of Agriculture (USDA) a direct loan of $52,000 to farmers, and about 17 It announced today an automatic electronic payment of $12,000. Agriculture Minister Tom ..

During the 85-minute meeting between President Yoon Seok-yeol and US Vice President Harris, there was a big gap in the presentations of the two sides. The White House announced on the 29th in a press release that "We have discussed stabilizing the Taiwan Strait" and "Welcome to the cessation of South Korea's direct-rising satellite-intercepting missile test." "In the event of North Korea's seven..

Vice-President Harrison confirmed the operation of the electric vehicle supply distribution network in accordance with the Inflation Reduction Act IRA in the four quadrant countries and announced that the IRA system was completed by ‘understanding Korea’s concerns about the tax benefits of electric vehicles’. During a meeting in Tokyo with Prime Minister Han Duk-soo, the White House said, "The t..

While Park Jin said, “President Biden shows a reaction when things go well,” Ambassador Cho Tae-yong said that the South Korean and American leaders “confirmed their will to cooperate.” Foreign Minister Park Jin said, "President Biden listened to concerns and showed a response to resolve this issue well." announced on the 26th. Ambassador Cho said at a meeting with correspondents at the Korean C..