More dark clouds on horizon
More dark clouds are gathering, putting domestic companies on alert. The U.S. is enacting a new law in the footsteps of the notorious CHIPS and Science Act. The new act targets China again, yet with measurable fallout on Korean firms. The new act will also be disappointing for Korean businesses as it will come amid an amicable atmosphere between the two allies following President Yoon Suk Yeol's seemingly successful state visit to the U.S. and summit with U.S. President Joe Biden.
More dark clouds are gathering, putting domestic companies on alert. The U.S. is enacting a new law in the footsteps of the notorious CHIPS and Science Act. The new act targets China again, yet with measurable fallout on Korean firms. The new act will also be disappointing for Korean businesses as it will come amid an amicable atmosphere between the two allies following President Yoon Suk Yeol's seemingly successful state visit to the U.S. and summit with U.S. President Joe Biden.
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