Seoul Vice Foreign Minister Meets with US Undersecretary of State to Address Inflation Reduction Act ConcernsNews

South Korea is continuing its diplomatic efforts to get the United States to act and remedy the provisions of the so-called Inflation Reduction Act that will significantly disadvantage South Korean automakers.
Seoul’s Deputy Foreign Minister Lee Do-hoon, who is visiting the United States this week for talks on the issue, has raised those concerns with senior U.S. officials.
Reports by Min Suk-hyen.

Seoul’s Second Deputy Foreign Minister Lee Do-hoon met with US Undersecretary Jose Fernandez on the sidelines of the United Nations General Assembly in New York on Tuesday.
Their meeting came as Seoul seeks to raise concerns in the United States over a new law that excludes electric vehicles assembled outside North America from tax incentives.
During their talks, while Vice Minister Lee offered various ideas to minimize the impact on South Korean automakers, Fernandez said the US government was looking at all possible options and agreed to continue close consultation. .
In a press release, the US State Department said Fernandez reiterated the country’s commitment to maintaining “open channels of engagement” with South Korea on its Inflation Reduction Act.
The pair also discussed ways to tackle other key challenges, such as strengthening global supply chains, tackling climate change and boosting cooperation in the Indo-Pacific.
On the same day, Vice Minister Lee also met with the top US diplomat for East Asia policy, Daniel Kritenbrink, and exchanged views on various regional and global issues.
Kritenbrink said Seoul’s concerns about the inflation-reduction law were taken very seriously, and added that he was ready to work closely with South Korea to find a solution.
Second Deputy Foreign Minister Lee Do-hoon is expected to continue Seoul’s diplomatic efforts to resolve the issue while meeting key officials from the US National Security Council and National Economic Council in Washington this week.
Min Suk-hyen, Arirang News.