Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

Second Vice FM departs for Washington for talks on IRA

By Yonhap

Published : Dec. 11, 2022 - 11:19

    • Link copied

This photo shows Second Vice Foreign Minister Lee Do-hoon at Incheon International Airport, west of Seoul, ahead of his departure for Washington on Sunday. (Foreign Ministry) This photo shows Second Vice Foreign Minister Lee Do-hoon at Incheon International Airport, west of Seoul, ahead of his departure for Washington on Sunday. (Foreign Ministry)

Second Vice Foreign Minister Lee Do-hoon left for Washington on Sunday for talks on the Inflation Reduction Act and other economic issues.

Lee plans to hold a session of the Senior Economic Dialogue with his US counterpart, Under Secretary of State for Economic Growth Jose Fernandez, and meet with other US administration and congressional officials.

"The IRA will be dealt with as the most important issue," Lee said before departure.

The IRA, signed into law by US President Joe Biden in August, gives up to $7,500 in tax credits to buyers of electric vehicles assembled only in North America, sparking concerns that Hyundai Motor and Kia Corp. could lose ground in the US market, as the two South Korean carmakers assemble their EVs at domestic plants for export to the US.

The SED is a regular consultation channel on economic cooperation between the South Korean foreign ministry and the US State Department. It has taken place six times since its establishment was agreed upon at a summit in October 2015.

Lee plans to return home on Wednesday. (Yonhap)

More from Headlines