Good vibes and happy talk will likely be to the fore as President Biden hosts South Korean President Yoon Suk Yeol on Wednesday for a full-fledged state visit, but beyond the glittering dinners and photo opportunities, there will be some simmering issues to discuss.
For the cameras, the leaders will be celebrating Korean War heroism and 70 years of their bilateral alliance that have prevented war on the tense, divided Korean peninsula. That bond was sealed in 1953, the year the Korean War armistice was signed, committing both parties to mutual defense and the stationing today of some 28,000 American troops in South Korea to guard against the threat from a nuclear-armed North Korea.
Korean automakers have a beef, too: They are indignant that they are unable to receive tax breaks and subsidies from President Biden’s signature Inflation Reduction Act for electric vehicles, despite hefty investment in the U.S. auto sector. Mr. Yoon may have already scored a win before his plane landed. Administration officials revealed Monday Mr. Biden was preparing to announce during the summit a new, enhanced nuclear deterrence policy with Seoul aimed at North Korea, including a new cybersecurity initiative, economic investments and educational partnerships, the Associated Press reported.
Mr. Biden plans to highlight during this week’s visit that Mr. Yoon’s “courage and determination in rapprochement with Japan” is a vital contribution to regional security, aides told the AP Monday. Last October, the U.s. offered South Korean chipmakers a one-year grace period during which they could continue to export chipmaking gear to China. This March, “guardrail” provisions published by the Commerce Department granted manufacturers that receive U.S. subsidies the right to export critical equipment to China, though it set a 5% production cap on top-tier chips.with regard to trade with China, South Korea’s biggest external market.
“There is an ongoing debate in South Korea about the credibility of the U.S. security commitment: If there is war, can the U.S. commit as it did in the past, with massive involvement?” asked Moon Chung-in, an academic who has advised the liberal Seoul governments which have engaged North Korea. “Korean society is divided between those who believe that the U.S. will come and engage to save South Korea, and others who have lingering doubts on a U.S. commitment of that magnitude.
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