After nearly 475 workers, most of whom were South Korean nationals, were detained by immigration officials at a Hyundai car battery facility in Georgia last week, South Korea President Lee Jae Myung issued a stark warning to the United States.
“As things stand now, our businesses will hesitate to make direct investments in the United States,” Lee said Thursday, underscoring the dramatic diplomatic and economic fallout from the raid by U.S. Immigration and Customs Enforcement.
Lee has urged the U.S. to ease visa restrictions for South Korean workers to protect future investments.
The comments came just one day after Secretary of State Marco Rubio met South Korea’s Foreign Minister Cho Hyun. In the meeting, Rubio said he welcomes the country’s investment in the U.S., especially if it “revitalizes American manufacturing through ROK (Republic of Korea) investment in shipbuilding and other strategic sectors, and promotes a fair and reciprocal trade partnership,” according to a statement from State Department’s spokesperson Tommy Pigott.
South Korea, one of the U.S.’s closest allies in Asia, pledged $350 billion for investments in U.S. projects in July. In exchange, President Donald Trump said he would lower tariffs for the country to 15% from the 25% duty he had threatened earlier. Hyundai, a South Korean car manufacturer, reported a drop in profits in its second quarter amid the U.S.’s auto tariffs.








