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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
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S. Korea Raises Concerns Over US Inquiry On Connected Vehicle Supply Chains

OMMCOM NEWS by OMMCOM NEWS
May 7, 2024
in Business
South Korea

Washington: South Korea has raised its automotive industry’s concerns with the US over Washington’s inquiry and envisioned rules to address potential security risks from “connected vehicles” that use technology from China and other countries of concern.

The South Korean government has submitted its comments to the US Department of Commerce as the department has requested public feedback on its rule-making process designed to tackle those risks stemming from supply chains for connected vehicles, reports Yonhap news agency.

Connected vehicles refer to smart cars linked to the internet and other wireless networks for navigational programs and other online services.

In February, the Biden administration said it would launch the inquiry into the risks posed by the vehicles, especially those involving Chinese-manufactured technology.

“The Korean automotive industry expresses concerns about the broad scope of the investigation into connected vehicle supply chains, uncertainties surrounding the scope of potential regulatory targets and the timing of the implementation, all of which may lead to significant burdens on the industry,” the Korean government said in the comments.

The government expressed expectation that the US will provide a “precise” definition of the scope of connected vehicles, as it pointed out that the current U.S. definition of the cars in question is “excessively broad.”

It also requested that the US investigation and subsequent measures about the supply chains for connected vehicles focus on “components and services that pose significant risks to national security.”

“The Korean automotive industry is concerned that the current scope of the investigation is highly likely to become subject to regulatory measures, which could significantly undermine the predictability and stability of its business operations,” the government said.

(IANS)

Tags: ChinaSouth Koreawashington
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