SG Talk

Concerns are rising that subsidies and tax benefits may be reduced depending on the outcome of the U.S. presidential election in November. Last month, former U.S. President Donald Trump announced that he would eliminate the EV subsidy of up to $7,500 if re-elected. Kim Soo-dong, a research fellow at the Korea Institute for Industrial Economics and Trade, cautioned that if Trump wins, the Biden administration’s subsidy policies could be rolled back, potentially disadvantaging South Korean companies.

https://www.chosun.com/english/national-...FOPE6P5D4/