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Reuters
Reuters
Business
By Hyonhee Shin

S.Korea's Yoon asks Biden to resolve concerns over EV subsidy rules

Joe Biden Yoon Sukyeol Yoon Suk Yeol Seoul South Korea electric vehicle Gina Raimondo IRA
South Korea's President Yoon Suk Yeol arrives to address the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Brendan McDermid

South Korean President Yoon Suk-yeol asked U.S. President Joe Biden to help address Seoul's concerns that new U.S. rules on electric vehicle subsidies will hurt the country's automakers, Yoon's office said on Thursday.

Seoul's opposition to the U.S. Inflation Reduction Act (IRA), signed by Biden last month, has overshadowed Yoon's first trip to the United States since taking office in May.

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