President Yoon Meets with Larry Hogan, Governor of Maryland, USA: "Concerns over the Inflation Reduction Act"

Hogan: "We Will Strive to Prevent Harm to Korean Companies During the Drafting of Detailed Enforcement Decrees"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] President Yoon Suk-yeol met with Larry Hogan, Governor of Maryland, USA, who is visiting Korea on the 16th, and urged, "As concerns have been raised that our companies may be discriminated against due to the U.S. Inflation Reduction Act (IRA), please actively support ensuring that our companies receive equal benefits without discrimination."

The presidential office stated that President Yoon made these remarks during an afternoon meeting with Governor Hogan, exchanging views on cooperation between Korea and Maryland and ways to strengthen support for Korean companies operating there.

Governor Hogan responded, "Korean companies operating in the U.S. contribute greatly to job creation and economic development in the country," and pledged to make the best possible efforts to ensure that Korean companies are not harmed during the drafting of detailed IRA enforcement regulations.

President Yoon also highly appreciated Governor Hogan's special affection and interest in Korea during his tenure, saying, "I am pleased that exchanges and cooperation between Korea and Maryland are expanding."

Governor Hogan said, "I have always been proud to be a son-in-law of Korea," and Mrs. Yumi Hogan, who was present, responded, "As a daughter of Korea, I will strive to promote friendly cooperation between Korea and Maryland."

President Yoon particularly noted, "Since Maryland has strengths in advanced technology fields such as bio-medical, information and communication technology (ICT), and aerospace, we can strengthen cooperation in future industries," adding, "Especially, Maryland, which is working hard to foster venture companies, can serve as a bridge for our startups to enter the U.S. market."

In response, Governor Hogan said, "Korea is the most important cooperation partner for the U.S. and Maryland," and added, "I led a trade delegation on this visit to strengthen cooperation between Korea and Maryland, and we plan to open a trade office in Korea." President Yoon welcomed the decision to open the trade office and promised support for it.

President Yoon also mentioned that about 70,000 Koreans residing in Maryland contribute greatly to the development of the local community and requested, "Governor Hogan, please pay special attention to enhancing the rights and safety of the Korean community."

This content was produced with the assistance of AI translation services.