<Anchor>

The summit also had a lot to discuss in the economic field. This is because regulations that may disadvantage our companies, such as the Electric Vehicle Subsidy Discrimination Act and the Semiconductor Support Act, have recently emerged in the United States, and although the two leaders said they would continue close consultations, no concrete solution has been forthcoming.

This will be reported by reporter Jeong Yeon.

<Reporter>

President Yun first mentioned the U.S. Inflation Reduction Act, IRA, and the Semiconductor Act, before President Biden.

[President Yoon Seok-yeol: We agreed to closely consult and coordinate the U.S. Inflation Reduction Act and the Semiconductor Science Act to further strengthen supply chain cooperation between our two countries in the field of high-tech fields.]

U.S. semiconductor law places tough conditions on companies, such as requiring sensitive information such as yield or sharing excess profits, and IRAs already subsidize only U.S. electric vehicles.

President Biden emphasized that it is rather helpful to South Korea.

[Joe Biden/U.S. President: Significant economic growth is happening in the United States, and jobs are being created in SK, Samsung and other industries in Korea, so I think it's a 'win-win.']

The domestic industry had hoped for a solution to the toxin provision, but no further action was taken.

[Yang Pang Kim/Semiconductor Researcher, Korea Industrial Research Institute: I would have liked to have received some content that was favorable to us, but I regret that such a part did not go well.]

In a situation where export performance is sluggish due to the semiconductor cold wave, it is a burden for our company.

Samsung Electronics posted a deficit of 1.4 trillion won in the semiconductor sector in the first quarter, the first time in 6 years since the financial crisis.

Samsung Electronics has said it will participate in individual corporate negotiations by the U.S. government regarding the U.S. Semiconductor Law.

Meanwhile, President Yun met with Tesla CEO Musk and asked him to host the so-called "Gigafactory" in South Korea, to which Musk replied that South Korea was one of the top candidates.

(Video Interview: Joo Bum, Choi Jun-sik, Kim Yong-woo, Video Editor: Kim Jong-mi, CG: Son Seung-pil)

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