© Reuters. U.S. President Joe Biden arrives at Osan Air Base for journey to Japan, in Pyeongtaek, South Korea, Could 22, 2022. REUTERS/Kim Hong-Ji/Pool/File Picture
SEOUL (Reuters) – South Korean President Yoon Suk-yeol has requested his U.S. counterpart Joe Biden to resolve Seoul’s considerations over the just lately handed U.S. Inflation Discount Act, Yonhap information company reported on Thursday.
The regulation eliminates federal tax credit for electrical automobiles made outdoors North America, that means firms together with Hyundai and its affiliate Kia Corp will now not be eligible for such subsidies.