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Free AccessROK: President Biden And President Yoon Delivering Remarks In Pyeongtaek
US president Joe Biden and Republic of Korea President Yoon Suk Yeol are now delivering joint remarks from Pyeongtaek, ROK following a tour of a Samsung factory.
- A livestream of the remarks here: https://www.youtube.com/watch?v=JOvJ9nwovFE
- The Samsung Electronics Campus which the President toured today will act as a model for a USD$17 billion Samsung plant planned for Texas.
- Biden is expected to use the remarks to urge the United States Congress to pass the Innovation and Competition Act, the bill designed to invigorate the US domestic semiconductor industry and increase competitiveness with China in areas of national security related to tech.
- The bill is in conference and there are some concerns that a delay in resolving the differences between the House and Senate versions of the bills could threaten the bill's chance of passing in the current Congress.
- The White House: 'As President Biden said this week, fighting inflation is his top economic priority, and the Bipartisan Innovation Act will help us get that done by promoting domestic manufacturing and strengthening our supply chains. There is common ground between the House and Senate bills, and it’s his hope that conferees focus on what they agree on.'
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.