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South Korean investments spanInsider
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82% Informative
South Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing.
The 2022 Inflation Reduction Act and CHIPS and Science Act provide financial incentives for companies to invest in green technology.
Yeo Han -koo, former trade minister of the Republic of Korea , told Business Insider that US and South Korean interests in emerging technologies are perfectly aligned.
South Korean companies are committing to the US right now, but political uncertainty over the presidential election encourages caution for international business.
Yeo said these investments would likely not make business sense without the Biden Administration's focus on manufacturing.
" Korean companies have a first -mover advantage at the moment, but now also they are facing potential risk," he said.
VR Score
83
Informative language
81
Neutral language
40
Article tone
formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
13
Source diversity
10
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