Assembly Speaker voices concerns over US Inflation Reduction Act
2023-01-31
來源： 開云體育app官方網站
National Assembly Speaker Kim Jin-pyo, right, shakes hands with Robert Pittenger, head of the Parliamentary Intelligence-Security Forum based in Washington, during their meeting at the National Assembly, Seoul, Wednesday. Courtesy of Kim's office
National Assembly Speaker Kim Jin-pyo on Wednesday expressed concerns that the U.S. Inflation Reduction Act (IRA) would hurt South Korean automakers, according to Kim's office.
In a meeting in Seoul with Robert Pittenger, the head of the Parliamentary Intelligence-Security Forum (PISF) based in Washington, Kim asked for help in addressing Seoul's concerns over the IRA in U.S. Congress.
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, such as Hyundai Motor and Kia, will lose ground in the U.S. market as they make EVs at domestic plants for export.
Kim said the IRA may hurt the Seoul-Washington relations and Korea's investment plan in the U.S., calling for an amendment to the act.
A lawyer aiding Pittenger said the PISF understands Korea's concerns over the law and is working to resolve the issue.
Kim and Pittenger also discussed hosting a PISF conference in Korea next year.
Launched in 2014, the PISF holds conferences on international security to boost cooperation between parliaments and governments of different countries. (Yonhap)
