S. Korea to Offer 7 tln Won in Financing to EV Battery Firms over U.S. IRA

SEOUL, April 7 (Korea Bizwire) — South Korea will extend 7 trillion won (US$5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States’ Inflation Reduction Act (IRA) and to boost their competitiveness in the sector, the industry ministry said Friday. The government will [...]