Visitors look at the model of how secondary batteries are made at InterBattery 2023 held at Coex in Seoul on March 15. (Yonhap)South Korean battery makers are breathing a sigh of relief as the US Treasury Department's newly unveiled guidance on battery sourcing does not require them to change their current production process right away to receive the US government's subsidies provided to electric vehicle buyers under the Inflation Reduction Act.Under the IRA, EV and battery makers have to meet certain requirements for both the critical minerals and battery components contained in the vehicle to be eligible for a $7,500 tax credit.

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