Speaker Kim Jin-pyo of the National Assembly met with a former US Congressman and expressed Seoul’s concerns over the recent Inflation Reduction Act and CHIPS Act that may affect activities of South Korean businesses. The new IRA and Chips Act are expected to privilege semiconductor chips and batteries produced inside the US, affecting South Korean businesses relying on other countries for the supply of parts and materials. Click the news below for more information:

https://www.yna.co.kr/view/AKR20220907163300001?input=1195m