South Korea's President Warns of Investment Chill After US Immigration Raid

South Korean President Warns of US Investment Hesitation Following Immigration Raid In a surprise move, South Korea's President Lee Jae Myung has expressed concerns that the recent immigration raid on a Hyundai plant in Georgia will deter his country's companies from investing in the United States. Speaking at a news conference to mark his first 100 days in office, President Lee stated that the situation is "extremely bewildering" and that South Korean firms may be hesitant to invest in the US if their workers are not allowed to remain. Timeline of Events Last week: A massive immigration raid was conducted on a Hyundai plant in Georgia, resulting in the arrest of over 300 South Koreans. Friday: The detained workers were released from detention and are due to return home after having their release delayed by more than a day. Wednesday: President Trump ordered a pause in the workers' release to check if they were willing to remain in the US to continue working and training Americans. Immediate Impact The delayed release of the South Korean workers has sparked concerns about the implications for future investment in the US. President Lee's comments suggest that his government may reevaluate its investment strategy in light of this incident. The immediate impact is likely to be felt by Hyundai, which has a significant presence in the US market. Background Context South Korea and the US have a long-standing trade relationship, with many Korean companies investing heavily in the US market. However, the recent immigration raid has highlighted concerns about the treatment of foreign workers in the US. What Happens Next As the situation unfolds, it remains to be seen how this incident will affect future investment between South Korea and the US. President Lee's comments suggest that his government may take a more cautious approach to investing in the US, potentially leading to a reevaluation of trade agreements and investment strategies. *This story is developing. Information compiled from Bbc reporting.*