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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 ..

In a report at LG Ensol’s general shareholders’ meeting, Korea took the lead in “triple U.S. investment,” while Reuters said it was “negotiating to install it in Toyota.” Regarding LG Ensol CEO Kwon Young-soo's announcement on the 24th, Reuters reported that they were discussing with Toyota Motors to supply batteries for electric vehicles (EV), saying, "We are discussing ways of cooperation." Re..