President Yoon Suk-yeol, third from right, and U.S. President Joe Biden shake hands during the Global Fund's Seventh Replenishment Conference in New York City, Wednesday (local time). AP-Yonhap

President criticized for swearing, lack of results, PR failure

By Jung Min-ho

When Deputy National Security Adviser Kim Tae-hyo said last week that President Yoon Suk-yeol's summit with U.S. President Joe Biden would be brief ― 30 minutes or so ― many thought that it might be too short to talk about the urgent issues between the two countries. But the meeting in New York City turned out to be even shorter ― far shorter ― than he hoped it would be. At a fundraising event hosted by Biden, Yoon had a standing conversation with him for less than a minute ― 48 seconds, precisely.

According to Yoon's office and the White House, Wednesday (local time), Yoon asked Biden to help resolve South Korean companies' concerns over the Inflation Reduction Act and they reaffirmed their commitment to bolstering the bilateral alliance against North Korea during the conversation.

The act, passed last month, gives a tax credit to buyers of electric vehicles (EVs) from next January if a minimum of 40 percent of the critical minerals in their batteries are mined or processed in the U.S. or countries that signed free trade agreements in the U.S., or recycled in North America. At least 50 percent of the battery components must also be manufactured or assembled in North America. The law is causing significant concern for Korean automakers.

The news immediately drew criticism from the main opposition Democratic Party of Korea (DPK), which called the meeting the latest episode of "diplomatic disaster" committed by Yoon.