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[INTERVIEW] IRA offers opportunities to Korean businesses: Ossoff

Jon Ossoff, the Democrat senator who represents one of the most popular U.S. states for Korean manufacturers, said that the 70-year-old bilateral alliance cannot...

Korean battery makers to soon be eligible for U.S. tax credits

Korea’s battery makers will soon be eligible for U.S. tax credits under the newly-announced battery sourcing rules. The U.S. Treasury Department on Friday announced the...

IRA subsidy will extend to buyers of non-U.S. commercial EVs

Buyers of commercial electric vehicles (EVs) in the United States will be able to apply for tax incentives even if those vehicles are not...

U.S. EV subsidy rule delay may buy time for Korean carmakers

Battery component rules for U.S. electric vehicle subsidies have been delayed, meaning that more Korean vehicles could qualify. The rules will be issued in March. Battery...

Lots of diplomacy this week on the U.S. IRA

Korean and U.S. officials are holding discussions about the U.S. Inflation Reduction Act (IRA) and its impact on Korean industries. Second Vice Foreign Minister Lee...

Trade Minister heads to the U.S. to lobby for IRA changes

Korean Trade Minister Ahn Duk-geun will visit the United States for talks on the Inflation Reduction Act (IRA), which limits subsidies to electric vehicles...

Seoul asks Washington to include car-sharing EVs in IRA

The Korean government asked the U.S. government to include car-sharing EVs such as Uber and Lyft in the EV tax incentives under the Inflation...

At CSIS forum, experts survey ‘more tense’ geopolitical landscape

Cooperation between the United States and South Korea is key to resolving Seoul's worries over the Inflation Reduction Act (IRA), a White House official...

Pyongyang’s ire means cooperation is working, says Seoul envoy

Korean Ambassador to the United States Cho Tae-yong said recent North Korean tirades against South Korea are a sign that international sanctions and Washington-Seoul...

LG Chem to invest $3.2 billion to build cathode plant in Tennessee

LG Chem will invest $3.2 billion to build a cathode plant in Clarksville, Tennessee, aiming to be a major supplier of electric vehicle (EV) battery materials. It...

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