<Anchor>



Our government even sent a delegation to persuade the United States.

If the US does not change the law, a lawsuit to the World Trade Organization is being considered as a last resort.



By the way, this is reporter Jeong Hye-jin.



<Reporter>



In the first half of this year, Hyundai and Kia sold the second largest number of electric vehicles in the US after Tesla.



The secret is affordability.



The Hyundai Ioniq 5 was $40,000, the Tesla Model 3 was $47,000, and the Ford Mustang Mach E was $44,000.



However, as they did not receive subsidies of up to $7,500 and KRW 10 million due to the inflation reduction method, their price competitiveness decreased.



The Korea Automobile Industry Association predicted that the export of electric vehicles will be disrupted by more than 100,000 units every year.



The government's plan is to persuade the US first and, as a last resort, file a complaint with the World Trade Organization (WTO).



It is based on the provisions of the WTO and the Korea-US FTA that prohibit discrimination between domestic and imported products.



[Lee Chang-yang / Minister of Trade, Industry and Energy: (WTO) Violation is very high.

We will decide on that and proceed with the WTO process, if we need it…

.]



However, it is pointed out that filing a complaint with the WTO is not effective.



[Attorney Song Ki-ho / Former Chairman of International Trade Minbyun: The World Trade Organization (WTO) has not established a dispute resolution procedure at all, and it cannot be seen that our interests with Europe and Japan are 100% aligned, so the Korea-U.S. As a dispute resolution procedure of a free trade agreement (FTA) (which must be resolved)]



Hyundai Motor Company gave President Biden a 13 trillion won investment in the United States as a gift to President Biden, who came to Korea.



[Joe Biden/President of the United States (Korea-US summit last May): Once again, I would like to express my gratitude to Chairman Chung Eui-sun for choosing the United States.

The US will not disappoint Hyundai Motor Company.]



Hyundai Motor was hit in the head after three months, and Chairman Chung Eui-sun hurriedly went to the United States, but has not received a clear answer.



This is because, ahead of the US midterm elections in November, it is not easy for the Biden administration to change its preferential policy for US-made products.



Even after the election, it is in the fog.



Our government's strategy is to persuade Congress through the US government, but it is highly likely that the US Democrats will lose the ballot in the election.



(Video Edit: Seung-Yeol Lee)



▶ “Didn’t the United States not know the movement until this happened?” Rebukes the easy response


▶ The US takes discriminatory measures for electric vehicle subsidies…

“Please wait until 2025.”