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

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

Summary

President Lee Jae-myung of South Korea said that South Korean companies might be less willing to invest in the U.S. after a large immigration raid at a Hyundai plant in Georgia. Over 300 South Korean workers were arrested during the raid, raising concerns about the ease of doing business in the U.S.

Key Facts

  • The raid took place at a Hyundai plant in Georgia.
  • More than 300 South Koreans were among 475 people detained for allegedly working illegally.
  • The detained South Koreans are expected to return home soon after a delay.
  • Concerns have been raised about the impact on South Korea's plans for investment in the U.S.
  • President Lee stated that sending workers to help set up factories is a common practice.
  • The raid happened amid trade discussions between the U.S. and South Korea.
  • The White House defended the operation, insisting on adherence to immigration laws.
  • U.S. President Donald Trump commented on the raid, emphasizing the need for foreign firms to hire Americans.
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