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.