SEOUL, South Korea (AP) — President Joe Biden looks after both business and security interests on Sunday as he wraps up his three-day visit to South Korea. U.S. and South Korean forces monitor the rapidly evolving North Korean nuclear threat.
The major US investment by South Korean companies, officially unveiled in Georgia on Friday, reflects how the US and South Korea are leveraging their long-standing military ties to forge broader economic partnerships.
The President of the United States made greater economic cooperation with South Korea a top priority on Saturday. Give our economy a competitive edge.”
The pandemic and Russia’s invasion of Ukraine in February have made me think more deeply about national security and economic alliances. The coronavirus outbreak has created a shortage of computer chips, cars and other goods. The Biden administration said it could ultimately be fixed by making more domestic and trusted allies.
The meeting between former Vice President Joe Biden and Hyundai Motor Company comes after President Trump’s early visit to a computer chip factory run by South Korean electronics giant Samsung, which is set to build a $17 billion production facility in Texas.
The Hyundai Georgia plant, which employs 8,100 people and is expected to produce up to 300,000 vehicles per year, is scheduled to begin construction early next year and begin production near the unincorporated town of Ellabell in 2025.
But the modern factory also shows that there are trade-offs as Biden pursues his own economic agenda.
Early in his tenure, the president tried to connect automakers with trade unions and electric car production. As part of a delayed $1.85 trillion spending proposal in the Senate last year, Biden wanted to provide additional tax credits to buyers of unionized factory-made EVs. It was at a critical time when the number of union members across the country was steadily declining, when General Motors Co., Ford Motor Co. and Stellantis NV-owned cooperative car factories.
During a visit to Samsung, former Vice President Biden urged South Korean companies building factories in the US to hire union members. In addition to the upcoming Texas plant, Samsung has signed a contract with Stellantis to build an electric vehicle battery manufacturing plant in the United States.
“I urge Samsung, Stellantis, and any company investing in the United States to partner with some of the most highly skilled, dedicated and dedicated employees you can find anywhere in the world,” he said.
Until now, there was no guarantee that workers in modern Georgia factories would join a union.
Georgia Governor Brian Kemp spokesman Katie Byrd said in an email that the state “has a right to work.” terms of employment.”
A Hyundai Motor spokesperson did not respond to an email asking if the Georgia plant would join the union. A senior Biden administration official, who briefed reporters on the condition of anonymity, asked investors to embrace the union workforce while the administration “does everything it can” to encourage investment and bring jobs to the United States. He said there is no contradiction between the recommended Bidens.
Former Vice President Joe Biden attended a mass at a hotel in Seoul with White House staff before meeting the Hyundai Motor CEO. Former Vice President Biden will meet with service members and their families at Osan Air Base to speak with the US and ROK forces. Former President Biden and President Yoon Sook-yeol announced on the 13th that they would consider expanding joint military exercises. To deter North Korea’s nuclear threat.
Biden and Yun’s push for deterrence, with less than two weeks remaining in office, marks a shift away from their predecessors. US President Donald Trump has expressed his affection for North Korean leader Kim Jong-un as he considers halting training. And South Korea’s last president, Moon Jae-in, was committed to dialogue with Chairman Kim until the end of his term, despite repeated refusals from North Korea.
Former Vice President Joe Biden has decided to skip the visits to the demilitarized zone between the two Koreas, a regular stopover for U.S. presidents when they visit Seoul. Instead, former Vice President Joe Biden, who visited the DMZ as vice president, visited Osan, where he was more interested in finding a ‘rubber touch’ for ROK and US forces to protect security on the Korean Peninsula, the White House national security adviser said. Jake Sullivan.
Rep. Yoon made a pledge to strengthen Korea-US relations. He reiterated his goal to move the long-dominant relationship with North Korea into an issue “beyond security” to honor Biden at a banquet in honor of Biden on Saturday.
Chairman Yoon said, “We will design a new future vision for the president and the alliance and work hard.”
Biden heads for Tokyo late on Sunday. On Monday, he will meet Japanese Prime Minister Kishida Fumio to lay out his vision for negotiating a new trade agreement called the Indo-Pacific Economic Framework.
As former Vice President Joe Biden’s first visit to Asia, a central theme of the trip is to strengthen the United States’ alliance in the Pacific to counter China’s influence in the Pacific.
However, debate continues within the Biden administration over whether to lift some of the $360 billion in Trump-era Chinese tariffs. Treasury Secretary Janet Yellen earlier this week said some tariffs are doing more damage to US businesses and consumers than China.
Sullivan said the president’s national security and economics team is still looking at “how to go beyond previous administrations’ trade approaches.”
On Tuesday, Japan will invite Biden to the Quad summit, a four-nation strategic alliance that includes Australia and India. The President of the United States will return to Washington.