Firms will hesitate to invest in US after raid - S Korea president

Original story by
FaviconBBC NewsSep 11
Immigration, Trade, Foreign Investment
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📰 Article Summary

South Korean President Lee Jae-myung expressed concern that South Korean companies may hesitate to invest in the U.S. following a significant immigration raid at a Hyundai plant in Georgia, where over 300 South Koreans were arrested. This operation, part of a larger immigration enforcement sweep, has led to uncertainty regarding visa provisions for South Korean workers, impacting future manufacturing investment decisions. The South Korean government is in discussions with the U.S. to explore new visa options and rectify the situation, as the raid could negatively influence the economic collaboration between the two nations.

📌 Key Facts

  • Impact of Immigration Raid: The immigration raid at the Hyundai facility has caused unease among South Korean companies regarding their future investments in the U.S. President Lee noted that if sending workers abroad becomes difficult, companies may reconsider establishing manufacturing facilities in America.
  • Return of Detained Workers: More than 300 South Korean nationals arrested during the raid are set to return home, with their departure delayed due to U.S. government instructions. South Korea's government is working to resolve visa issues that have arisen from this incident.
  • Economic Relations Under Strain: The raid has raised concerns about the potential chilling effect on U.S.-South Korea economic relations, particularly as both countries engage in sensitive trade negotiations. It has been described as a shock to South Korean media, which fears it may deter foreign investments.
  • U.S. Government's Stance: The White House defended the raid, asserting that foreign companies must comply with U.S. immigration laws. President Trump mentioned that foreign firms could employ American workers and secured legal pathways for bringing in necessary foreign labor.
  • Long-term Investment Commitment: Despite the raid, South Korea has committed to investing tens of billions in the U.S. economy, showcasing a long-term dedication to enhancing their economic partnership, even amid recent tensions.

📂 Article Classification

Topic Tags: International Relations

📍 Location

Atlanta, Georgia United States
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