Battery Association holds OBBB response briefing session on the 21st... Sharing US legal and visa strategies

Approximately 150 industry officials related to the U.S. OBBB law attended.

The Korea Battery Industry Association announced on the 16th that it plans to hold a 'U.S. OBBB law and visa response strategy briefing session'.

This briefing session will be held at 14:00 on the 21st at El Tower in Yangjae, Seoul, hosted by the Ministry of Trade, Industry and Energy and the Ministry of Foreign Affairs and sponsored by Kim & Chang Law Firm, Yulchon Law Firm, KOTRA, and the Korea Institute for Industrial Economics and Trade, and will be attended by about 150 industry officials related to the US OBBB law, including batteries, solar energy, wind power, and heavy electric equipment. The briefing session will be held to explore investment, production, and supply chain response strategies and ways to utilize opportunity factors for U.S. investment companies and partner companies in the battery and solar power industries following the enactment of the 'One Big, Beautiful Act (OBBB Act)', the 2025 budget adjustment bill signed by U.S. President Donald Trump on the 4th.

In addition, an event will be held to share major cases of the recently greatly strengthened U.S. visa issuance and entry screening process with partner companies entering the U.S. and introduce practical response know-how. Regarding the U.S. OBBB law, attorney Ja-min Koo of Covington & Burling, a prominent U.S. law firm, foreign attorney Wook-seon Hong and accountant Hyeon Jeong of Yulchon law firm discussed ▲ the main contents of the OBBB law, ▲ major amendments to the Advanced Manufacturing and Production Tax Credit (AMPC), Clean Power Investment Tax Credit (ITC) and Production Tax Credit (PTC), and ▲ global It focuses on explaining corporate tax reform, including minimum tax.

Kim & Chang Law Firm's lawyers So-yeon Park, Yeon-woo Lee, and Eui-hyeon Kim jointly introduce the main contents of the requirements for ▲Prohibited Foreign Entities (PFE) and ▲PFE's Material Assistance, which are newly introduced and applied to AMPC, ITC, and PTC, tax credits related to clean energy such as batteries, solar power, wind power, and carbon capture. In addition, KOTRA and the Korea Institute for Industrial Economics and Trade will announce strategies to utilize opportunity factors for Korea-US battery cooperation and entry into new demand markets related to US opportunity factors resulting from the enactment of the OBBB law.

In addition, Kim Dong-yoon, head of the North American Economic and Diplomacy Department at the Ministry of Foreign Affairs, and attorney Kim Mia of Daeryun Law Firm will introduce ▲ U.S. visa and entry procedures and practical response know-how, and various sessions will also be held. In particular, the U.S. OBBB law includes support and regulation for various industries such as batteries, solar power, and heavy electric equipment, so this seminar was prepared to provide practical response plans and a checklist of legal responses to small and medium-sized companies that have difficulty responding to normal regulations.

The Korea Battery Industry Association argued, “The Advanced Manufacturing Production Tax Credit (AMPC) has been maintained and uncertainty related to IRA has been resolved, but due to the reorganization of the battery supply chain in the U.S. market to meet practical support requirements, our companies must reduce the proportion of use of parts and materials from specific countries every year.” He continued, "However, as certain countries' exports and investments to the U.S. become more difficult, it could become a new opportunity for us. We hope that this briefing session will be a good opportunity to strengthen new security cooperation with the U.S. by presenting companies with ways to strengthen compliance capabilities and practical response strategies."

Reporter Kim Jeong-in (kji01@newspim.com)

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