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[ANALYSIS] Biden subsidies, double-edged sword for Korean firms

The Biden administration s implementation of the CHIPS and Science Act (CHIPS Act) and Inflation Reduction Act (IRA) clearly represents Washington s strategy of pursuing a “manufacturing renaissance” in the world s largest economy.

LG Energy Solution signs battery material supply deal with Australian producer

Korean battery maker LG Energy Solution (LGES) said Thursday it has signed a non-binding supply agreement with an Australian partner for a key mineral used in lithium-ion batteries.

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