U.S. Trade Representative Katherine Tai acknowledged Seoul's concerns with the U.S. Inflation Reduction Act during a meeting with South Korea's Trade Minister Ahn Dukgeun at the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, Tai's office said on Friday.

"(They) reviewed the technical-level discussions within the ongoing engagement channel as the Treasury Department continues to develop guidance and implement all aspects of the law," Tai's office said in a statement.