South Korean investment projects in the US face significant delays due to unresolved visa issues, according to the nation’s Prime Minister. He emphasized that meaningful progress is unlikely until the US addresses concerns about Korean workers being detained. The Prime Minister urged Washington to take swift action to reassure investors. This interview with Bloomberg News also touched upon defense spending and North Korea.
In a recent incident, over 300 South Korean workers, primarily engineers involved in building an electric car battery plant in Georgia, were detained by US immigration officials. The workers, some of whom were in the US on short-term visas, reported being handcuffed, shackled, and held in freezing detention centers where they were denied basic necessities. Despite initial claims of visa violations, a deal was struck allowing the workers to leave voluntarily. The South Korean government is now investigating potential human rights violations, and US officials have expressed regret over the incident, which has strained relations between the two countries.
Trump says he doesn’t want to ‘frighten off’ foreign investment after backlash to Hyundai raid, and honestly, it feels like a bit of an “after the horse has bolted” situation. The sentiment itself, that he doesn’t want to scare away foreign investment, is understandable. Any leader would likely prefer a robust economy fueled by international partnerships. But the timing… that’s the kicker.
The recent backlash, particularly after the raid on Hyundai, seems to have already done a significant amount of damage. The reports of how the South Korean workers were treated, and the images that circulated, painted a picture that’s hard to simply erase.… Continue reading
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.
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
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.
Seoul says US must fix its visa system if it wants Korea’s investments, and honestly, that sentiment makes a whole lot of sense. It seems like a pretty basic expectation: if you want foreign money, you need to treat foreign workers, and anyone visiting, with a degree of respect and fairness. The current situation, as it’s being perceived, feels far from that.
It’s hard to ignore the growing concerns. Stories of detentions, racial profiling, and the general feeling of being unwelcome are circulating. Why would anyone, especially a company looking to invest millions, subject themselves to that kind of environment? It’s not just about the visa system itself; it’s about the arbitrary enforcement of the rules and the lack of due process.… Continue reading
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Nippon Steel’s proposed $4 billion investment in a new U.S. steel mill, part of a larger $14 billion package, has sparked considerable debate. The skepticism is understandable, given past instances of large-scale projects failing to materialize, like the Foxconn factory in Wisconsin. The promise of significant investment often falls short of reality, leaving many questioning whether this project will be any different.
Until steel is actually being produced, it’s difficult to assess the project’s viability. The sheer scale of the undertaking—a $14 billion investment—raises concerns about its feasibility. Such a massive project necessitates extensive infrastructure and a substantial workforce, factors that are not guaranteed.… Continue reading
GD Culture Group, a small Chinese e-commerce firm with ties to the Chinese government, recently invested $300 million in both Bitcoin and Donald Trump’s $TRUMP meme cryptocurrency. The investment, funded through a stock sale to an undisclosed entity in the British Virgin Islands, marks the first known instance of a Chinese government-linked company purchasing $TRUMP. This purchase coincides with Trump’s recent $TRUMP coin promotion, a contest offering a private dinner to top buyers, raising concerns about potential corruption and the use of the cryptocurrency to influence the former president. The investment’s exact allocation between Bitcoin and $TRUMP remains unclear, yet it underscores the $TRUMP coin’s ability to attract foreign investment seeking access to Trump.
John Q. Hosedrinker 
Matt Underwood