Aging population South Korea

Korea Seeks Unlimited Currency Swap with US: A Risky Proposition?

Korea Requests Unlimited Currency Swap from U.S. Government, and the implications are significant. This request, a demand for a potentially massive currency swap agreement, immediately raises eyebrows, as these kinds of arrangements are typically reserved for times of extreme financial distress, much like the 2008 global financial crisis or the more recent challenges of the COVID-19 pandemic. The fact that South Korea is seeking this now suggests they’re facing some significant hurdles in their plans to invest heavily in the United States.

At its core, the issue revolves around South Korea’s commitment to invest a substantial sum, reportedly around $350 billion, in the U.S.… Continue reading

South Korea Probes Hyundai Raid for Potential US Human Rights Abuses

Following a raid at a US electric vehicle battery plant in Georgia, the South Korean government is investigating potential human rights violations against its citizens. More than 300 South Korean workers, detained for a week, have returned home, prompting South Korea to express “strong regret” to the US. The South Korean government is working with relevant companies to investigate the matter, as the incident strains relations between the two countries. President Lee Jae-myung warned that this raid may discourage foreign investment in the US and called for an official apology.

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Korean Investments Halted as Detained LG Energy Workers Face Release

Following a raid on a Hyundai Motor-LG Energy battery joint venture plant in Georgia, the South Korean government secured the release of approximately 300 detained nationals. The workers, primarily LG Energy staff and engineers, were taken into custody by ICE and other agencies for allegedly working without proper permits. The detained employees are scheduled to return to South Korea on a chartered flight through a “voluntary departure” process, avoiding deportation records. This incident has raised concerns about the potential impact on major Korean investment projects in the US, and has led to a freeze on travel plans by other companies.

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US Diplomat’s Regret Over Korean Worker Raid Met with Skepticism and Criticism

US diplomat expresses regret over immigration raid on Korean workers, South Korea says, and honestly, that’s where we’re starting. It’s a phrase that immediately sparks a feeling of “here we go again,” doesn’t it? It’s a classic scenario: actions have consequences, and in this case, those actions involved an immigration raid targeting Korean workers. The regret, as it seems, is primarily about the negative fallout, not necessarily the act itself. It’s a bit like saying “I’m sorry I hit my wife… now that she’s left me.” The timing and the context speak volumes.

Unfortunately, we see that the regret from the US diplomat, likely an individual acting on behalf of the US government, is just that – regret.… Continue reading

Japan Outraged as Nationals Detained in Hyundai Plant Raid; Investment Concerns

A recent immigration raid at a Hyundai Motor plant in Ellabell, Georgia, resulted in the detention of over 470 workers, including three Japanese citizens. Japanese Foreign Minister Takeshi Iwaya confirmed the detentions, citing privacy concerns. Reports indicate approximately 300 South Koreans were also detained, prompting South Korea to prepare a chartered flight to repatriate its citizens. The Japanese government is responding appropriately to protect its citizens and has contacted South Korea regarding the incident.

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South Korean Workers Reject US Stay After Raid, Damaging Investment Hopes

A browser extension is preventing the video player from functioning, and disabling it on the current site may resolve the issue. Content from YouTube requires advertisement tracking and audience measurement to be enabled. In other news, over 300 South Koreans detained in the US after an immigration raid have returned home. In Nepal, violent protests, sparked by a social media ban, led to the prime minister’s resignation. Finally, a seasonal lake in Kerala, India is attracting visitors with its water lilies.

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South Korea Outraged by US Raid Treating Workers as “Prisoners of War”

Following a massive ICE raid on a Hyundai-LG battery plant construction site in Georgia, over 300 South Korean workers returned to Incheon International Airport after days of detention. The workers, detained for allegedly misusing business visas, were constructing a vital plant for Hyundai’s US electric vehicle ambitions. The South Korean government expressed significant discontent with the US actions, with many citizens feeling betrayed. The incident prompted strong reactions in the Korean media and from government officials, including the president, who warned of potential hesitations in future investments.

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Trump’s Detainee Offer: South Korea’s Likely Rejection Sparks Outrage

Following the Hyundai-LG raid in Georgia, President Trump postponed the repatriation of over 300 South Korean workers. This delay was to assess the possibility of these workers remaining in the United States. The purpose was to potentially leverage their skills for the education and training of American workers. South Korean officials confirmed this action on Thursday.

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South Korean Woman Acquitted After 61 Years for Biting Off Attacker’s Tongue

In a landmark decision, a South Korean court overturned the 1965 conviction of Choi Mal-ja, who was found guilty of causing grievous bodily harm after biting off part of her attacker’s tongue during a sexual assault. The court ruled that her actions were justifiable self-defense, recognizing her attempt to escape the assault. This reversal comes after a retrial ordered by the Supreme Court, fueled by the #MeToo movement and Choi’s own determination to clear her name after six decades. The initial conviction stemmed from the aggressor receiving a lenient sentence for the assault while Choi was punished, sparking outrage and highlighting the challenges faced by victims of sexual violence.

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