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Readout of Secretary Raimondo’s Meeting with South Korea’s Minister of Trade, Industry and Energy Lee Chang-yang


Today, Secretary of Commerce Gina Raimondo met with South Korea’s Minister of Trade, Industry and Energy (MOTIE) Chang-yang Lee to reaffirm the importance of the bilateral economic relationship.  Continuing the momentum from their May meeting in Seoul and their establishment of the U.S.-South Korea Supply Chain and Commercial Dialogue (SCCD), the Secretary and the Minister agreed to launch by the end of the year new SCCD working groups on advanced manufacturing supply chain resilience and dual-use export controls. Secretary Raimondo thanked Minister Lee for South Korea’s role in making the recent Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial meeting a success and said that she looked forward to concrete outcomes. Secretary Raimondo and Minister Lee also exchanged frank views on U.S. concerns about South Korea’s pending legislation to impose network usage fees on foreign content providers and South Korea’s concerns relating to electric vehicle tax credits under the recently-passed Inflation Reduction Act.