President Yoon Suk-yeol on Oct. 4 received a letter from U.S. President Joe Biden expressing the latter's willingness to continue consultations on the U.S. Inflation Reduction Act (IRA) to ease Korea's fears over the bill.
Senior Presidential Secretary for Public Relations Kim Eun-hye on Oct. 5 told a media briefing about the letter at the presidential office in Seoul's Yongsan-gu District.
Secretary Kim quoted President Biden as saying he is "well aware of President Yoon's fears over the IRA" and that the U.S. "will continue consultations with Korea in an honest and open-minded manner."
President Biden also said he is "confident that Korea will play a core role in strengthening the bilateral alliance and achieving the joint goals of both countries."
On the letter, the secretary said, "It was written based on the two leaders' discussions last month on the IRA during their multiple talks in New York and London."
"We believe President Biden expressed his intent to President Yoon to show consideration for Korean businesses in the future."