Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Direct stock investing vs mutual funds: What suits a young professional | Personal Finance
    • From investor onboarding to overseas investments: SEBI updates AIF rulebook
    • Mutual Fund investment: How was the month of May for equity Flexi Cap funds? Check winners and laggards
    • Wellington Buys Hartford Funds for $1.9 Billion in Expansion (1)
    • Fixed deposit investment: Should investors lock money in FDs offering 8% returns or consider bonds?
    • West Asia war slows mutual fund growth in GIFT City
    • Beginner’s guide to mutual funds: Choosing schemes, SIPs and key terms | Personal Finance
    • SEBI proposes EPF-style employer contribution to mutual funds on behalf of employees
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»South Korean Prez Lee says detention of workers in US may impact investments – Firstpost
    Investments

    South Korean Prez Lee says detention of workers in US may impact investments – Firstpost

    September 10, 2025


    Addressing a press conference on his 100th day in office, Lee blamed the raid on “cultural differences”, saying that in South Korea, American nationals teaching English while on a tourist visa was not seen as “a serious issue”

    South Korean President Lee Jae Myung on Thursday said that companies based in the country will be hesitant to invest and operate in the US in the absence of a proper visa system for its workers.

    Lee’s comments came days after over 300 South Korean workers were detained during an ICE raid at a battery factory under construction at Hyundai’s sprawling auto plant in Georgia. He added that the workers would be brought into the country via a charter plane on Friday.

    STORY CONTINUES BELOW THIS AD

    South Korean and US officials are discussing a possible improvement to the US visa system, Lee said, adding that under the current system, South Korean companies “can’t help but hesitate a lot” about making direct investments in the US.

    Whether the US establishes a visa system allowing South Korean companies to send skilled workers to work at industrial sites will have a “major impact” on future South Korean investments in the US, Lee said.

    Last week, approximately 475 workers were arrested, marking the largest single-site enforcement action in the history of the US Department of Homeland Security (DHS).

    Steven Schrank, a Homeland Security Investigations special agent in Atlanta, said that the recent raids were part of a “criminal investigation into allegations of unlawful employment practices and serious federal crimes” at the Hyundai Motor-LG Energy Solution joint venture plant in the town of Ellabell.

    ‘Cultural differences’

    Addressing a press conference on his 100th day in office, Lee blamed the raid on “cultural differences”, saying that in South Korea, American nationals teaching English while on a tourist visa was not seen as “a serious issue”.

    After the detentions, South Korean companies “can’t help but question whether setting up a plant in the US is worth the potential risks,” the president said.

    “This could have a significant impact on future investment decisions, particularly when evaluating the feasibility of direct operations in the US,” he added.

    Will there be a new visa system?

    Lee said Seoul was negotiating with Washington “to ensure that visa issuance for investment-related purposes operates normally”.

    This could include “securing additional quotas” or even creating a new visa category, he said, adding that he trusted the “US side will find a solution”.

    STORY CONTINUES BELOW THIS AD

    Images of the South Korean workers being chained and handcuffed have caused widespread alarm, and Seoul has said it negotiated to make sure the workers were not handcuffed again as they were repatriated.

    With inputs from agencies



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026

    Commission to exempt green investments from EU spending rules – POLITICO

    June 3, 2026

    How to invest £50 a month: tips for people at different ages | Investments

    June 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Direct stock investing vs mutual funds: What suits a young professional | Personal Finance

    June 3, 2026

    While mutual funds have gained significant traction among young investors over the past decade,…

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026

    Mutual Fund investment: How was the month of May for equity Flexi Cap funds? Check winners and laggards

    June 3, 2026

    Wellington Buys Hartford Funds for $1.9 Billion in Expansion (1)

    June 3, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    The Rise Of Equity Co-Investments In BDC Structures

    September 22, 2025

    Cities issue bonds at record pace

    November 11, 2025

    Dynamic or standard SIP? – The Hindu

    September 14, 2025
    Our Picks

    Direct stock investing vs mutual funds: What suits a young professional | Personal Finance

    June 3, 2026

    From investor onboarding to overseas investments: SEBI updates AIF rulebook

    June 3, 2026

    Mutual Fund investment: How was the month of May for equity Flexi Cap funds? Check winners and laggards

    June 3, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.