Interview with ISD Corporate Policy Research Institute Director, Choi Yang-oh
By Park Sang-cheol
As the US government implements detailed regulations on ‘Foreign Concerned Companies (FEOC)’ under the Inflation Reduction Act (IRA), Korean separator and electrolyte companies stand to benefit. The decision by the US government to discontinue a subsidy of $7,500 per vehicle for electric vehicles made using battery components manufactured by FEOC is expected to have a positive impact on the home battery industry.
The publication of detailed regulations for Foreign Enterprises and Concerns (FEOC) under the US Inflation Reduction Act (IRA) has provided clarity on the departure from China policy, resolving uncertainty and garnering positive evaluations for the industry.
NH Investment & Securities and Daishin Securities have both expressed positive outlooks for the domestic secondary battery industry, citing the exclusion of China’s influence and the reaffirmation of the trend to move away from China in the North American electric vehicle battery supply chain.
The announcement of the US IRA has spurred interest in separator companies such as SK IE Technology, Deoksan Tecopia, and WCP, as well as other related companies like Ecopro BM, Korea Zinc, Lemon, Dongwha Enterprise, and L&F.
The impact of the IRA announcement on Korean companies and the measures for the future are crucial topics of discussion. To shed light on this, we have invited the Director of ISD Corporate Policy Research Institute, Choi Yang-oh, to provide insight.
To learn more about the impact of the IRA announcement and what it means for Korean companies, read our interview with ISD Corporate Policy Research Institute Director, Choi Yang-oh.
For inquiries, contact Reporter Park Sang-cheol at 3fe94@infostock.co.kr
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▲ Host: Park Myeong-seok, Anchor of Infostock Daily
▲ Appearance: Choi Yang-oh, Director of ISD Corporate Policy Research Institute
[인포스탁데일리=박상철 기자] As the US government decides to apply detailed regulations on ‘Foreign Concerned Companies (FEOC)’ under the Inflation Reduction Act (IRA), Korean separator and electrolyte companies are expected to benefit.
The US government has decided not to provide a subsidy of $7,500 per vehicle starting next year for electric vehicles made using battery components (cells, modules, separators, electrolytes, etc.) manufactured by FEOC .
In this regard, the fact that uncertainty has been resolved as the departure from China policy has become clearer with the publication of detailed regulations for Foreign Enterprises and Concerns (FEOC) under the US Inflation Reduction Act (IRA) is evaluated as something positive for the home. battery industry.
NH Investment & Securities said this FEOC announcement is positive for the domestic secondary battery industry as the US has tried to exclude China’s influence as much as possible in establishing the secondary battery supply chain, as investment uncertainty is solve, investments are expected from companies in North America in the future, and it is expected that this would happen.
Daishin Securities also said that with the application of relatively strict standards targeting China, the trend of moving away from China in the North American electric vehicle battery supply chain has been reaffirmed, and this is predicted to lead to a strengthening of market dominance K- battery value chain and has a positive impact on the industry.
Immediately after the announcement of the US IRA, the secondary battery theme arose, led by separator companies such as SK IE Technology, Deoksan Tecopia, and WCP, as well as Ecopro BM, Korea Zinc, Lemon, Dongwha Enterprise, and L&F.
What impact will this IRA announcement have on Korean companies? What are the measures for the future?
Let’s learn about the information related to FEOC (Coren Foreign Entity) recently published with ISD Corporate Policy Research Institute Director, Choi Yang-oh.
Reporter Park Sang-cheol 3fe94@infostock.co.kr
Copyright © Infostock Daily Unauthorized reproduction and redistribution prohibited
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