Vice FM to visit U.S. to help address concerns over Inflation Reduction Act
SEOUL, Sept. 15 (Yonhap) -- A senior South Korean diplomat will visit the United States next week, the foreign ministry said Thursday, in a diplomatic effort to address concerns over a new U.S. law excluding electric vehicles made outside of North America from tax benefits.
Second Vice Foreign Minister Lee Do-hoon is set to visit New York and Washington from Monday through Sept. 23 for a series of talks with officials from the U.S. government and Congress, including Jose W. Fernandez, under secretary of state for economic growth, energy and the environment.
During the meetings, Lee is expected to highlight the need for Washington to take steps to address concerns in South Korea over the Inflation Reduction Act (IRA), which Korean automakers see as discriminatory against their products.
The IRA, signed by U.S. President Joe Biden in August, gives tax credits to buyers of EVs assembled only in North America, sparking concerns that carmakers here will lose ground in the U.S. market as they make EVs at domestic plants for export.
South Korean Second Vice Foreign Minister Lee Do-hoon (L) and Jose W. Fernandez, U.S. under secretary of state for economic growth, energy and the environment, hold talks in Toronto on June 15, 2022, in this photo released by Seoul's foreign ministry. (PHOTO NOT FOR SALE) (Yonhap)
sshluck@yna.co.kr
(END)
-
BTS' Jimin to pre-release track on his first solo album -
U.S. B-1B strategic bomber returns to S. Korea as N.K. fires missile -
Nuclear weapons use by North Korea will mean 'end of regime': Pentagon spokesperson -
(LEAD) BTS' J-Hope ranks No. 60 on Billboard Hot 100 with 'on the street' -
(URGENT) N. Korean leader Kim Jong-un calls for completing readiness for nuclear attack against enemies: KCNA
-
Defense ministry sets out to normalize military intelligence-sharing deal with Japan -
(LEAD) S. Korea to set up world's No. 1 semiconductor cluster in Seoul metropolitan area -
BTS' Jimin to pre-release track on his first solo album -
Nuclear weapons use by North Korea will mean 'end of regime': Pentagon spokesperson -
(LEAD) Political divide intensifies in S. Korea over Yoon-Kishida summit
-
Major N. Korean websites offline as of Tuesday morning -
Actor Yoo Ah-in to appear for questioning Friday over alleged drug use -
American admits to train graffiti-related charges but calls himself artist -
S. Korea expresses regret over 'distorted' reports on Yoon-Kishida summit -
(LEAD) N. Korea holds nuclear counterattack simulation drills; Kim urges perfect readiness: KCNA
