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Inflation Reduction Act

Business

Hyundai to launch Ioniq 6, upgraded Seltos SUV in U.S. next year

Korea's Hyundai Motor Group said Friday it will launch the all-electric Ioniq 6 and the upgraded Seltos SUV in the United States next year...
Business

Lee & Ko hired by government to do IRA-related legal work

Lee & Ko has been engaged by the government for legal work related to possible challenges to the Inflation Reduction Act (IRA). Local press reports...
Business

Hyundai Motor Group breaks ground in Georgia for electric vehicle factory

Ground was broken Tuesday for Hyundai Motor Group’s $5.54 billion electric vehicle (EV) factory in Georgia. The facility will be the largest Korean automaker’s first...
Korea

Biden tells Yoon in letter that IRA discussions will continue

    U.S. President Joe Biden sent a letter to President Yoon Suk-yeol reassuring him that discussions will continue over Korean concerns about the Inflation Reduction...
Business

Hyundai Motor EV sales in U.S. drop after IRA ends credit

Hyundai Motor EV sales in the United States have fallen since the Inflation Reduction Act (IRA) went into effect. The company sold 1,306 Ioniq 5s...
Korea

U.S. stands ready for talks with Korea on EV tax credits

The United States stands ready to engage in serious consultations with Korea on concerns over the Inflation Reduction Act (IRA) that Seoul believes would...
Korea

Korea, U.S. agree to launch formal talks on U.S. Inflation Reduction Act: Amb. Cho

The U.S. government has agreed to launch formal talks with Korea on ways to minimize the adverse effects of the recently enacted Inflation Reduction...
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