Friends without benefits: How a new US law penalizes South Korean carmakers
Inflation 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.
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- 01Election Watch: Centrist dreams falter as South Korea’s big tent party collapses
- 02Singlehood surges in South Korea as youth rethink marriage
- 03South Korean firefighters fight more than fire amid mental health challenge
- 04Why South Korea’s e-commerce boom faces global integration hurdles
- 05The “Yes Japan” phenomenon faces a reality check in South Korea
- 06Pitfalls and prospects for South Korea’s unlikely new political party
- 07Poverty and increased life expectancy mean many senior South Koreans must work
- 08New legislation to protect cryptocurrency exchange users faces mixed reactions