{"id":36998,"date":"2025-09-11T04:50:52","date_gmt":"2025-09-11T04:50:52","guid":{"rendered":"https:\/\/news.godj.com\/news\/firms-will-hesitate-to-invest-in-us-after-raid\/"},"modified":"2025-09-11T04:50:52","modified_gmt":"2025-09-11T04:50:52","slug":"firms-will-hesitate-to-invest-in-us-after-raid","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/firms-will-hesitate-to-invest-in-us-after-raid\/","title":{"rendered":"Firms will hesitate to invest in US after raid"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">South Korean companies will be &#8220;very hesitant&#8221; about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">More than 300 South Koreans who were arrested in the raid are due to return home on Friday. <a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/cddm6dengq7o\" class=\"sc-f9178328-0 jZoZnB\">Their departure had been delayed<\/a> &#8220;due to circumstances on the US side&#8221;, officials said. <\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">&#8220;The situation is extremely bewildering,&#8221; said Lee, noting it is common practice for Korean firms to send workers to help set up overseas factories.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">&#8220;If that&#8217;s no longer allowed, establishing manufacturing facilities in the US will only become more difficult&#8230; making companies question whether it&#8217;s worth doing at all.&#8221;<\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 bJoRPJ\">The BBC has contacted the White House for comment.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Last week, US officials detained 475 people &#8211; more than 300 of them South Korean nationals &#8211; who they said were working illegally at the battery facility, one of the largest foreign investment projects in the state.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Lee, who was speaking at a press conference to mark the first 100 days of his presidency, said Seoul is negotiating with Washington on visa options for South Korean workers &#8220;whether that means securing [higher] quotas or creating new visa categories&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">&#8220;I think the US will address this if they see it as a practical necessity,&#8221; he said.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The workers&#8217; departure from the US was delayed because of an instruction from the White House, he added.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">&#8220;The order reportedly came from President Trump, instructing that the workers should have the freedom to remain in the US if they wished,&#8221; he said.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">LG Energy Solution, which operates the plant with Hyundai, said that many of its employees who were arrested had various types of visas or were under a visa waiver programme.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">A <a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/c5yqg0rln74o\" class=\"sc-f9178328-0 jZoZnB\">worker at the plant spoke to the BBC<\/a> about the panic and confusion during the raid. The employee said the vast majority of the workers detained were mechanics installing production lines at the site, and were employed by a contractor.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">South Korea, a close US ally in Asia, has pledged to invest tens of billions of dollars in America, partly to offset tariffs.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">Media in the country have described the raid as a &#8220;shock,&#8221; with the Dong-A Ilbo newspaper warning that it could have &#8220;a chilling effect on the activities of our businesses in the United States&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The Yonhap News Agency published an editorial on Thursday urging the two countries to &#8220;cooperate to repair cracks in their alliance&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The timing of the raid, as the two governments engage in sensitive trade talks, has raised concern in Seoul.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The White House has defended the operation at the Hyundai plant, dismissing concerns that the raid could deter foreign investment.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">On Sunday, US President Donald Trump referenced the raid in a social media post and called for foreign companies to hire Americans.<\/p>\n<p class=\"sc-9a00e533-0 bJoRPJ\">The US government would make it &#8220;quickly and legally possible&#8221; for foreign firms to bring workers into the country if they respected its immigration laws, Trump said.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cly0e4k750go?at_medium=RSS&#038;at_campaign=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean companies will be &#8220;very hesitant&#8221; about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said. More than 300 South Koreans who were arrested in the raid are due to return home on Friday. Their departure had been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[230,11798,10916,5975],"class_list":["post-36998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-firms","tag-hesitate","tag-invest","tag-raid"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/36998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=36998"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/36998\/revisions"}],"predecessor-version":[{"id":37000,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/36998\/revisions\/37000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/36999"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=36998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=36998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=36998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}