Lee Do-hoon, 2nd Vice Minister, Discusses 'IRA Issue' with Campbell, US NSC Coordinator

Deputy Foreign Minister Discusses U.S. Inflation Reduction Act Measures
Meets U.S. Congress Members to Seek Interest and Cooperation

[Asia Economy Reporter Yoo In-ho] Lee Do-hoon, the 2nd Vice Minister of the Ministry of Foreign Affairs, met with Kurt Campbell, the U.S. National Security Council (NSC) Indo-Pacific Coordinator, in Washington, U.S., to discuss the issue of discrimination against Korean electric vehicles under the U.S. Inflation Reduction Act (IRA).

According to the Ministry of Foreign Affairs, on the 21st (local time), Vice Minister Lee and Coordinator Campbell discussed ways to strengthen consultations on major bilateral issues, including the IRA.

Coordinator Campbell expressed strong support from the U.S. administration for the Korea-U.S. alliance and emphasized pursuing constructive cooperation.

Additionally, Vice Minister Lee held consecutive meetings on the 21st and 22nd with Senator Jon Ossoff, Representative Darin LaHood, and Representative Young Kim to exchange views related to the IRA.

Vice Minister Lee requested their attention and cooperation at the U.S. Congress level to ensure that Korean companies exporting electric vehicles do not suffer due to discriminatory elements in the IRA’s electric vehicle tax credit restructuring.

Senator Ossoff of Georgia acknowledged Korea’s concerns and emphasized that his top priority is to ensure the law provides maximum benefits to Korean companies investing in Georgia.

He also stated that he will continue to pay attention and support to ensure that Korea-Georgia cooperation proceeds without disruption.

Representative LaHood noted that the electric vehicle-related provisions of the law are very complex and seem to have overlooked the impact on related industries, offering various advice considering the Korea-U.S. FTA and other factors.

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