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S.Korea, US, Japan agree on no soft response if North Korea tests
... latest talks, the three officials agreed to cooperate on global supply chain issues, while Kim separately raised concerns about new US rules on subsidies for electric vehicles, South Korea's presidential office said. After a bilateral meeting with Sullivan last day, Kim said that the United States has promised to review the impact of the new rules after Seoul raised concerns that they could hurt South Korean automakers. The measures under the Inflation Reduction Act IRA, signed into law by US ...
Updated: 09/01/2022
EU warns against US tax credit restrictions
... dozens of electric vehicles made by German and other European manufacturers aren't included in the list. South Korea has expressed concern about the tax credits. Kim Sung-han , South Korea's national security adviser, met with his American counterpart, Jake Sullivan , in Hawaii on Thursday and raised the issue. Sullivan said the U.S. will take a detailed look at how the EV subsidy issue will pan out and what impact it will have, according to the Yonhap news agency.
Updated: 09/01/2022
S.Korea says U.S. promised to review new EV subsidies
... the United States has promised to review the impact of its new rules on subsidies for electric vehicles following concerns that they could hurt South Korean automakers. Kim Sung-han made a statement after meeting the U.S. national security adviser Jake Sullivan in Hawaii, where they gathered for three-way talks with Japan to coordinate their Indo-Pacific policies in the wake of tensions between China and Taiwan. Concerns have mounted in South Korea over the Inflation Reduction Act IRA signed into law ...
Updated: 09/01/2022
S.Korea, Japan to discuss new US EVs law
... Korea. The new law would halt subsidies for EVs made outside North America, which could hurt companies like Hyundai Motor and its affiliate Kia . A presidential official said that the issue could be raised when Kim met US national security adviser Jake Sullivan . The official told reporters that it could be set as an item for bilateral talks to promote our national interests. South Korea's parliament passed a resolution expressing concern over the new EV rules, which have eliminated federal tax credits ...
Updated: 09/01/2022
South Korea may raise concerns about US Inflation Reduction Act
... tax credit reform. The new law will halt subsidies for EVs made outside North America, which could hurt companies like Kia Corp and Hyundai Motor Co . A presidential official said the issue could be raised when Kim met US national security adviser Jake Sullivan. The official told reporters that it could be set as an item for bilateral talks to promote our national interests. READ MORE: EU , S. Korea: US plan for EV tax breaks could be in violation of WTO rules. On Tuesday, Seoul asked Washington ...
Updated: 09/01/2022
South Korea may raise concerns over U.S. inflation law at meeting with top advisers
... Biden last month. The new law would stop subsidies for EVs made outside North America, which could hurt companies like Kia Corp and Hyundai Motor Co . A presidential official said the issue could be raised when Kim met U.S. national security adviser Jake Sullivan . The official said that it could be set as an item for bilateral talks to promote our national interests. Lee Do-hoon , a South Korean Vice Foreign Minister, said on Tuesday that Seoul has asked Washington to postpone the new rules until Hyundai ...
Updated: 09/01/2022
Kremlin says report on Iran drone deal is information stuffing
... sent drones to Russia, citing anonymous US and allied officials. The report said Tehran had transferred a number of Mohajer- 6 and Shahed-series drones to Moscow and that many of them were already malfunctioning. In July, US National Security Advisor Jake Sullivan made similar claims, stating that Washington had clear evidence that Iran was preparing to deliver several hundred drones to Russia, including weapons-capable UAVs, and that the sale would be completed on an expedited timeline. Later that month,...
Updated: 08/31/2022
US, Japan to hold trilateral talks in Hawaii
Jake Sullivan, the US National Security Advisor to the President, speaks at a press conference at the White House in Washington, DC on July 11, 2022. NICHOLAS KAMM National Security Adviser Jake Sullivan will meet with his Japanese and Republic of Korea counterparts ...
Updated: 08/31/2022
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