The South Korean government's congressional delegation set off to visit the U.S. to discuss the discriminatory issues of the inflation-cutting bill

　　China News Service, December 4th. According to Korean media citing news from the Korean Ministry of Industry, Trade and Resources on the 4th, a joint delegation composed of government officials and members of Congress will arrive in Washington, the United States on the 5th local time to discuss the "Inflation Reduction Act" with the United States. Discuss the issue of discrimination against Korean electric vehicles.

　　The delegation consisted of An Deok-gun, head of the Trade and Negotiation Headquarters of the Ministry of Industry, Trade and Energy, Yoon Gwan-seok (member of the Common Democratic Party), member of the Democratic Party of Korea, and Choi Hyung-doo, member of the Democratic Party.

　　The South Korean government submitted opinions on the tax cut provisions of the "Inflation Reduction Act" to the United States on the 4th of last month and the 3rd of this month. Andergen's visit will be based on relevant opinions to discuss with the United States a solution to address South Korea's concerns.

　　According to reports, the delegation will ask the US side to fully consider the opinions of the South Korean government and enterprises in the process of formulating the implementation rules, so as to ensure that Korean companies investing in the United States can enjoy tax cuts to the greatest extent.

　　In addition, the delegation will also discuss the revision of the Inflation Reduction Act with members of the Finance Committee of the US Senate and the Taxation Committee of the House of Representatives.

The delegation will emphasize the need to amend the law to eliminate discriminatory treatment and call on the US Congress to amend relevant provisions as soon as possible.

　　Biden signed the "Inflation Reduction Act" passed by Congress in August this year, completing the legislative process.

According to this law, the U.S. government will provide high subsidies for green industries whose main production links are completed in the United States, including the production of related accessories and technologies such as electric vehicles and batteries.

The U.S. claims that the law aims to ease inflation and reduce deficits, but analysts point out that the U.S. move is intended to encourage domestic and overseas companies to transfer their production bases to the U.S. to gain a competitive advantage for U.S. companies.