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U.S. Inflation Reduction Act Preliminary Guidance on Foreign Entity of Concern-FEOC Announcement

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  On December 1, the U.S. Treasury and Energy Departments issued preliminary guidance on the Foreign Entity of Concern (FEOC) under the Inflation Reduction Act (IRA) for the green vehicle tax credit provision (30D). Under the Inflation Reduction Act (IRA) and its Green Vehicle Tax Credit provision (30D), environmentally friendly vehicles with batteries involving a Foreign Entity of Concern (FEOC) are excluded from tax credit benefits.   Under the interim guidance, foreign concern countries include China, Russia, Iran, and North Korea. Foreign entities are considered FEOC if they are established or located in these countries, have a significant business presence, or are owned, controlled, or directed by the government of a concern country. 양식의 맨 위 Auto manufacturers must set up a system to trace critical minerals by late 2026. Traceability certification for minor minerals is excluded until then due to supply chain challenges and low added value. The FEOC regulations apply

Hyundai Mobis Develops QL Display for Vehicles

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  Hyundai Mobis / QL Display Hyundai Mobis announced on the 30th that it has developed the world's first automotive "QL display".   QL Display is a product that combines Quantum Dot, which enhances the color reproducibility by more realistically representing the original color, and Local Dimming, which enhances the clarity of the image by increasing the contrast between bright and dark colors.   Unlike OLED, which has high performance but high cost, QL display is evaluated as a product with OLED-like performance and price competitiveness.   Hyundai Mobis' QL display has raised the color reproducibility and contrast ratio, which determine high-definition, to the level of OLED, and features a 27-inch curved screen and a slim design of 14.5mm, and can be slimmed down to 10mm according to customer demand.   Hyundai Mobis plans to explore new opportunities to win new orders in the premium automotive display sector by introducing the newly developed QL displ

The MFDS has announced a proposed amendment to regulations on pharmaceutical safety

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  The Ministry of Food and Drug Safety (MFDS) has announced a proposed amendment to regulations on pharmaceutical safety on November 29 to facilitate regulatory innovation in the pharmaceutical field. This draft is open for public opinion until January 28 next year. ● The key contents of the amendment proposal 1. When applying for a manufacturing permit for products under full-process outsourcing, exempt the submission of pharmaceutical manufacturing and quality management standards evaluation data, and allow the substitution of some documents with a statement of reasons when applying for approval for essential national medicines with no alternative. 2. Clearly specify the submission of necessary data for approval during the approval of the clinical trial plan. 3. Improve the reporting deadline for drug supply discontinuation from the current 60 days to 180 days in advance, require reporting even in the case of shortages, and strengthen administrative sanctions for failure to report. 4

Addressing Interoperability of Converging Technologies through System Standards

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  'System standardization' aims to develop standards ensuring interoperability across entire systems or between systems, departing from the traditional focus on individual components. On November 30, the National Institute of Technology Standards held a forum to share achievements in system standardization in areas such as 'AI speakers for the elderly' and 'low-voltage direct current distribution' among domestic companies. Notably, development requirements for services like medication time alerts in AI speakers for the elderly and safety guidelines for household low-voltage direct current distribution have been proposed as international standards (IEC) and are currently in progress.   At the forum, the Korea Electronics Technology Institute shared guidelines and programs developed through the National Standard Technology Enhancement Project for the system standard development approach. They also presented practical interoperability cases in low-voltage direct c

South Korea actively advances the ESS industry strategy

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  The plan for the development of Energy Storage System (ESS) to supplement volatility and ensure stable operation of the power system, in response to the expansion of renewable energy, is expected to be pursued expeditiously. The Ministry of Trade, Industry, and Energy held the first Energy Storage System (ESS) Industry Development Council on November 24th. The council is organized into four subcommittees: technology development, market mechanisms, industry promotion, and export support. Experts in each field, as well as representatives from energy public agencies and financial institutions, will participate in implementing a flexible power system. The plan is to review the progress and performance in achieving the goals outlined in the Energy Storage System (ESS) Industry Development Strategy announced last October, which aims to achieve a 35% market share in the global ESS market by 2036. At the meeting on that day, various approaches to Energy Storage System (ESS) technology develo

Samsung plans to embed AI into smartphones and laptops

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  Samsung Electronics plans to incorporate AI technology into smartphones, laptops, and other products starting next year. Samsung Electronics is expected to apply on-device AI technology using its internally developed generative AI model, "Samsung Gauss," to new laptops. Samsung Gauss is the next-generation generative AI capable of performing three functions: language and code, as well as image generation. On-device AI refers to AI operations that mostly run on the device itself, closely connected to the user, and only occasionally connect to the cloud when necessary. This allows consumers to use features like device control, sentence summarization, and grammar correction more easily and conveniently without the need for transmitting personal information.   Samsung Electronics is currently conducting beta tests for Samsung Gauss internally and plans to gradually expand it to the general consumers. 👉 Contact GCA Tel. +82-31-360-8180 Email: forest.lee@gca-kr.com GCA

Electric Vehicle Charging Alliance Begins First Official Activity After Launch

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  The Ministry of Environment will hold the first meeting in Seoul on November 27th after the launch of the 'Electric Vehicle Charging Alliance.'   This alliance includes 76 companies engaged in the production and operation of charging stations, accounting for 96.1% of the nationwide charging stations. Additionally, government bodies, academia, research institutions, and industry representatives have participated in the alliance. The meeting will cover topics like enhancing charging station certification, supporting exports, preventing electric vehicle fires during charging, improving key component quality, and exploring regulatory enhancements to support the industry. The goal is to share insights and collaborate on industry support.   Additionally, the meeting will address the composition and operational direction of the alliance, along with recent suggestions from charging operators and electric vehicle users regarding charging facilities. If you need information