S. Korea raises concerns over US inquiry on connected vehicle supply chains

admin admin | 05-08 00:30

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."
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.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...