The Korea Battery Industry Association announced on the 16th that it will hold a briefing session on legal and visa response strategies regarding the "One Big Beautiful Bill" (OBBB) of the Donald Trump administration in the United States.
The briefing session, scheduled for the 21st at El Tower in Seocho-gu, Seoul, is hosted by the Ministry of Trade, Industry and Energy and the Ministry of Foreign Affairs, and is sponsored by Kim & Chang, Yulchon LLC, KOTRA, and the Korea Institute for Industrial Economics and Trade. Approximately 150 industry officials related to the U.S. OBBB law?including those from the battery, solar, wind, and heavy electrical equipment sectors?are expected to attend.
This session is being held to explore response strategies and opportunities for investment, production, and supply chain management for U.S. investment and partner companies in the battery and solar industries, following the enactment of the "One Big Beautiful Bill (OBBB Act)," a 2025 budget reconciliation bill signed by President Trump on July 4. In addition, the event will provide recent key cases regarding the significantly strengthened U.S. visa issuance and entry screening processes, sharing practical know-how for companies cooperating with U.S. partners.
Regarding the U.S. OBBB law, key speakers include Jamin Koo, attorney at the prominent U.S. law firm Covington & Burling; Hong Ukseon, foreign attorney at Yulchon LLC; and Jung Hyun, accountant, who will focus on the main contents of the OBBB law, major revisions to the Advanced Manufacturing Production Credit (AMPC), the Clean Electricity Investment Tax Credit (ITC), and the Production Tax Credit (PTC), as well as changes to corporate tax systems such as the global minimum tax.
Kim & Chang will have attorneys Park Soyeon, Lee Yeonwoo, and Kim Euhyun jointly introduce new applications of tax credits related to clean energy?including batteries, solar, wind, and carbon capture?such as AMPC, ITC, and PTC. They will also present the key features of the Prohibited Foreign Entity (PFE) and the substantial support requirements for PFEs.
Additionally, KOTRA and the Korea Institute for Industrial Economics and Trade will present strategies for utilizing opportunities related to the enactment of the OBBB law, including Korea-U.S. battery cooperation and entry into new demand markets.
Furthermore, Kim Dongyun, Director of the North American Economic Diplomacy Division at the Ministry of Foreign Affairs, and attorney Kim Mia of Daeryun Law Group will introduce U.S. visa and entry procedures, as well as practical response know-how, with various sessions planned alongside these presentations.
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