Feel deeply "betrayal" in the United States, South Korea has requested to strengthen the sound of China and South Korea's supply chain

Author:Global Times Time:2022.09.06

[Global Times special reporter Zhang Jing in South Korea] The United States' "Angle Bonus Act" made Korean companies shout. South Korea's "Asian Economy" reported on September 4 that the US President Biden rated the "Inflation Act" signed in August as "the victory of the United States", but this victory is based on South Korea, especially the Korean automobile industry. Damage at the cost. The South Korean government and the automotive industry are very angry and embarrassed, because this is only three months in the past three months before the meeting between the Korean and American summit and the "harmonious atmosphere".

Because the U.S. "Angle Act" is only provided with the "final assembly in North America" ​​to provide a maximum tax refund subsidy of $ 7,500 per car, Korean electric vehicle companies are expected to be seriously impacted. South Korea ’s YTN TV station reported on September 4 that South Korean car companies occupying the second place in the US electric vehicle market in the first half of this year, with the US’ s “Inflation Act”, through the scope of subsidies, it is likely to cause Korean electric vehicles to electric vehicles Sales in the United States have fallen sharply, and American electric vehicles will be unique in the local market. Modern Automobile Group, the biggest victim of the "Inflation Act" Act, announced that in May this year, when Bayeng visited South Korea, it announced a large -scale investment plan for US $ 10 billion in US investment plans, and the US President's National Security Affairs Assistant, Sarawon, said that "inflation is reduced. Act "Act" will have many benefits to South Korea.

On August 16, US President Biden signed the "Angle Act of 2022" with a total value of $ 750 billion. (Visual China)

It is reported that in the first half of this year, Hyundai and Kia Automobile sold a total of 33,000 electric vehicles in the US market, with a market share of 9%, second only to Tesla. In May this year, Biden also said: "The United States will not let modern cars disappoint", but reality is more important than the "care" of the allies. The United States believes that priority to satisfy its own manufacturing and employment positions. As the Korean government comes to solve the difficulty of this problem, the relevant burden can only be borne by the enterprise.

"The United States has discriminated against Korean cars in the original form." South Korea's "Seoul Economy" reported on the 4th that after the United States implemented the "Act of Afrture", the uncertainty of South Korean companies in the US market has improved significantly. When the South Korean government was intoxicated by the beautiful words of the "Korean and American Value Alliance", the United States completely safeguarded its own interests. It is now time for the Korean government and enterprises to "unforgettable".

"Give up the Chinese market to help the United States restructuring the supply chain, but the United States has inserted a knife behind South Korea." The Korean National Daily reported on September 5 that the United States formulated the "Inflation Act" to make South Korea feel betrayal. As Bloomberg reported previously pointed out, the Yin Xiyue government has actively responded to the "supply chain reorganization" that the United States has poured into the "Indo -Pacific Economic Framework" and "Chip Quartet Alliance" since the stage came to power. Be betrayed in the United States.

At the time of the United States "betrayal", the sound of strengthening the cooperation between China and South Korea's supply chain continued to appear in South Korea. South Korea's "Central Daily" published an article published by Park Shengzan, director of the China Institute of Business in South Korea on September 3 that it was not accidental that South Korea's trading deficit in China in the past 4 months was not accidental. 3835, accounting for 70.4%. This means that changes in the trade pattern and structure of China and South Korea are likely to accelerate in the future. The reasons and backgrounds can be summarized into three categories. First, as China quickly got rid of labor -intensive industries, the trade structure that emerged in the form of processing trade in South Korea and China was shrinking. Second, with the increasingly mature overall planning of China's localization strategy, the exports of high value -added industries such as precision equipment (such as computers and fine chemicals) are very likely to further decline in China. Third, South Korea's imports of intermediate products and goods in Chinese raw materials and components are likely to increase. In particular, the "Made in China" consumer goods and intermediate products based on the fourth industrial revolution technology such as big data, artificial intelligence, and the Internet of Things will accelerate the import. Therefore, strengthening the China -Korea supply chain cooperation is also imminent.

The article believes that, first of all, South Korea needs to choose and focus on high value -added industries, which is inseparable from the government's unified guidance and corporate support. At the same time, we must lay a good foundation in the growth industry field to achieve the interaction between China and South Korea's supply chain structure. Secondly, the butterfly effect brought by the Sino -US friction and the exacerbation of Sino -US friction is needed. In the end, South Korea should maintain an advantage of competitive competition through innovation rather than "technical competition".

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