Automotive

The US and South Korea

Biden — “Oops, Sorry, South Korean, you’re standing too close to China.”
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The US and South Korea

A South Korean official calls the Inflation Reduction Act's updated Tax Credit rules a "betrayal." With several recent and significant investments in the US, South Korean automakers and the nation's President Yoon Suk Yeol see the rules as unfair and a threat to economic and security cooperation with the US. 

Oops? Yoon’s office said they are working closely with Washington for a swift and smooth settlement to the issue. No elaboration was provided.

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