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US Inflation Reduction Act emerges as hot topic in South Korean national audit hearing

By Wooyoung Lee ( October 4, 2022, 09:32 GMT | Insight) -- The impact of the US Inflation Reduction Act on South Korean automakers has dominated the first day of the audit hearings at the National Assembly in Seoul, with lawmakers accusing the government of being too slow to respond to the law and failing to preemptively exclude the provisions that put South Korean automakers and battery producers at a disadvantage.The impact of the US Inflation Reduction Act, or IRA, on South Korean automakers has dominated the first day of the audit hearings at the National Assembly in Seoul, with lawmakers accusing the government of being too slow to respond to the law and failing to preemptively exclude the provisions that put South Korean automakers and battery producers at a disadvantage....

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