[Capture news] K-Industry could be turned upside down..."Perfect Storm". It's before the storm.

The U.S. presidential candidates have taken a mixed stance over the Semiconductor Support Act, which provides large-scale subsidies for building semiconductor factories in the U.S.

[Donald Trump / Former U.S. President: (Biden's) semiconductor deal is very bad. It's spent billions of dollars trying to get rich companies to come to the United States. They won't give us a good company anyway. All we have to do is put tariffs on it.]

[CAMALA HARRIS / VICE PRESIDENT OF THE UNITED STATES: Trump says he will get rid of the Semiconductor Support Act. The law is to invest billions of dollars in the same things that we do here now. That's a good thing.]

Korean companies, which have been promised subsidies and invested in the U.S., are paying keen attention to the results of the presidential election.

However, even if former President Trump is elected, there remains a question as to whether it will be possible to retreat the semiconductor support law immediately.

[An Ki-hyun / Executive Director of the Korea Semiconductor Industry Association: We need the U.S. for semiconductor manufacturing plants. You can't let it go behind you, can you? The policy itself will continue to be dragged by the United States. It means it's dangerous to import and use it from abroad.]

On top of that, both sides are keeping China's semiconductor growth in check, so there is a prospect that Korean companies can earn reflective profits.

The difference in electric vehicles and batteries is more pronounced.

The key is whether or not the IRA law, which subsidizes electric vehicles and batteries, will roll back.

If Vice President Harris is elected, the growth of our company is expected along with the priority of eco-friendly vehicles such as electric vehicles and hybrids, but
If former President
Trump becomes president, he may also have to repurpose battery plants under construction in the United States.

On top of that, there is also the possibility of increasing the car's own import duties.

[Hwang Kyung-in / Deputy Researcher of System Industry Office at the Korea Institute of Industrial Economics and Trade: When Trump takes office, there is a possibility that the supply of electric vehicles will be set back by policy, so preparations are needed to diversify the portfolio....]

The impact in the steel and chemical sectors is greater.

Both carbon taxes and tariff barriers for eco-friendly policies are expected to serve as bad news for our companies.

Above all, experts say that no matter who becomes it, as the U.S. strengthens its own priority, it is not in our favor.

[Jeong In-kyo / Minister of Trade, Industry and Energy: No matter the outcome of the U.S. presidential election, the Korea-U.S. cooperation channel will be used as a platform to minimize the impact on Korean companies' exports and investments....]

Amid the escalation of the two wars, the U.S.-China conflict and growing national priority seem to require sophisticated preparations to prevent our companies' competitiveness from weakening in the international trade environment that will change again depending on the results of the U.S. presidential election.

I'm Park Kiwan of YTN.

a photographer |Kwon Seok-jae
Design | Lim's Star
subtitle news|This line

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