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25 Aug
15:30

South Korea government, companies look to countermeasure US acts

South Korea’s trade, industry and energy ministry (MOTIE) is seeking joint public-private countermeasures in response to the US’s CHIPS Act and Inflation Reduction Act (IRA), Kallanish reports. Minister Lee Chang-yang said on 25 August the Korean automotive industry is considering several options to ensure they aren’t hurt by the recently passed legislation. South Korean companies are studying an early commencement of manufacturing plant constru…
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