During Pelosi's visit to South Korea during her asian trip, after Yin Xiyue refused to meet pelosi, now the United States seems to have come to "settle accounts", and the United States recently formally signed the "Anti-Korean Bill", and the South Korean side urgently spoke out, saying that the two are not related.
According to the Global Network, South Korean media local time on September 7 news said that the US Biden government previously signed the "Inflation Reduction Act" involving "exclusion of South Korea", excluding South Korean-made electric vehicles from the list of tax credits, and as soon as the bill came out, it immediately became the focus of debate between South Korea and the United States. In protest against the "anti-Korean" bill of the United States to stop subsidizing South Korean domestic electric vehicles, the South Korean government and a joint delegation rushed to the United States. South Korean politicians and business people believe that the United States completely ignores South Korean interests when formulating policies. In addition, in order to protect the interests of the South Korean side, Yoon Seok-wook's government is currently considering filing a lawsuit with the WTO over the US Inflation Reduction Act if necessary. However, a number of South Korean media analysts believe that since the US Congressional midterm election campaign officially began in September, the US Congress may not discuss the amendments to the Inflation Reduction Act at all.
In this case, Lee Jae-myung, the leader of South Korea's largest opposition party, the Common Democratic Party, linked the US "anti-Korean bill" to the "snubbing" of the US House of Representatives Speaker Pelosi during his visit to South Korea, and Lee Jae-ming claimed on September 7 that when Pelosi visited South Korea before, South Korean President Yoon Seok-yue did not arrange a separate meeting with him, resulting in South Korea being "coldly treated" by the United States, which in turn brought losses to South Korean electric vehicle companies. In addition, Lee Zaiming also said in his post that "the fatal losses caused by diplomatic failures should be dealt with quickly" and demanded that the relevant diplomats be held accountable.
According to previous media sources, Pelosi arrived in South Korea by special plane on the evening of August 3 during her trip to Asia, and also on the same night, Yoon Seok-yue, who was on vacation, watched a play at Theater Street, Seoul National University Road, and ate barbecue and exchanged with the drama actors after the show. At that time, some Korean media said that Yin Xiyue seemed to be deliberately avoiding meeting Pelosi. Not only that, in addition to Yoon Seok-wook not meeting with Pelosi on the grounds of vacation, South Korean Foreign Minister Park Jin went abroad to "shelter" at this special time node. Because of this, when Pelosi flew by special plane to the U.S. Military Osan Air Base in South Korea in Gyeonggi Province, South Korea, only US officials were picked up at the scene, and the protocol staff of the Rokk Foreign Ministry and the officials of the National Assembly were not present. The above-mentioned move of the South Korean side immediately aroused strong dissatisfaction from some people in the United States, and some former US officials bluntly said, "This is a double mistake of the ROK and an insult to the relationship between the ROK and the United States."
In this context, soon after the Biden administration officially signed the "Inflation Reduction Act" involving "anti-Korean" content, Lee Jae-ming connected Pelosi's encounter during his visit to South Korea with the "Anti-Korean Bill" of the United States. For Lee Jae-myung's statement, the South Korean Foreign Ministry responded on the 7th that President Yoon Seok-wook's failure to hold talks with Pelosi has nothing to do with the signing of the Inflation Reduction Act by the United States, and the two cannot have anything to do with each other. In addition, the South Korean Foreign Ministry also said that the South Korean government is working hard to build a bilateral consultation mechanism between South Korea and the United States to minimize the losses to the South Korean economy and enterprises.
It should be pointed out that regardless of whether Pelosi's encounter during his visit to South Korea is related to the "Anti-Korean Bill" in the United States, the next established fact is that the Biden administration has officially signed the Inflation Reduction Act, which is the most urgent problem facing South Korea at present.
It is understood that the "Inflation Reduction Act" in the United States stipulates that only electric vehicles manufactured or assembled in North America will be given tax relief, which will lead to hyundai and Kia, which do not have electric vehicle production lines in the United States, being excluded from the tax reduction. That means consumers who want to buy a South Korean electric car in the U.S. won't be able to get a $7,500 subsidy per vehicle. Obviously, this will have a certain degree of impact on the Korean electric vehicle industry and economy. It should be known that the automobile industry is one of the pillar industries of South Korea and the second largest export item, and its importance to the Korean economy is self-evident.