Korean Government and industry collaborate on US CHIPS Act issues

In response to the recently passed U.S. CHIPS Act and the Inflation Reduction Act (IRA), which could hurt the nation's semiconductor, automotive, and battery industries, the government has organized a taskforce with Samsung, SK, Hyundai Motor, LG, and other corporations.

Under the pretense of reducing inflation and promoting domestic industry, the Biden administration just passed the two bills. However, because the two regulation....