  Analysis Friends without benefits: How a new US law penalizes South Korean carmakersInflation Reduction Act casts doubt over Washington’s commitment to multilateralism and economic security of its allies  During his first visit to South Korea as U.S. president, Joe Biden met with Hyundai Motor Group Chairman Chung Eui-sun, praising the auto giant for its plans to invest billions in the U.S. Chung had announced that Hyundai would spend some $10.5 billion to build an electric vehicle (EV) and battery plant in Georgia, an investment projected to create over 8,000 American jobs. © Korea Risk Group. All rights reserved. Get the Daily Briefing Start your day with
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November 23, 2024
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