US Raid on Hyundai Plant Leaves Korean Companies Reeling [View all]
Source: Bloomberg
September 7, 2025 at 10:55 PM EDT
Updated on September 8, 2025 at 3:40 AM EDT
South Korea’s biggest conglomerates are rushing to contain fallout from a sweeping US immigration raid at a Hyundai Motor Co.-LG Energy Solution Ltd. battery venture in Georgia that’s sparked concerns over billions of dollars in planned investments.
“We are well aware of the concerns that have been raised regarding our investment in the US following the immigration crackdown,” South Korea’s Trade Minister Yeo Han-koo said at a government meeting Monday. “We will work with related agencies including the Foreign Ministry to explore ways to improve the system.”
Last week’s sweeping raid shocked South Koreans after images showed workers shackled at the wrists, waist and ankles. The operation was part of a broader US crackdown on undocumented workers and came less than two weeks after Lee Jae Myung and Donald Trump held a summit to underscore their alliance.
They touted a trade pact that includes a $350 billion fund to help South Korean firms expand in the US. South Korean firms separately pledged $150 billion in direct US investment in an effort to boost trade ties between the nations. But the sweeping immigration action is making some companies cautious.
Read more: https://www.bloomberg.com/news/articles/2025-09-08/south-korean-companies-reel-from-fallout-of-us-migrant-raid
They are still not "getting it" that ALL of this is racially motivated and they are dealing with a white supremacist who has seized the White House. Many from monolithic countries should understand this because they practice the same sort of thing on "outsiders". But thanks to millions who put their "bodies on the line" to fight for "equality", many of them have not had to experience the way "it was".
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