All articles tagged with #us korea relations
U.S. Treasury Secretary Scott Bessent and South Korea’s Deputy Prime Minister Koo Yun Cheol discussed the upcoming critical minerals ministerial meeting, recent won depreciation and FX volatility, and the Korea Strategic Trade and Investment Deal, underscoring a strengthened U.S.–Korea economic partnership and confidence in Korea’s fundamentals.
During his visit to South Korea, President Trump received a replica of an ancient crown and the highest civil honor, the Grand Order of Mugunghwa, symbolizing peace and unity. He also finalized a trade agreement lowering US auto tariffs to 15% in exchange for $350 billion Korean investment, and discussed military and economic cooperation, amidst regional security concerns including North Korea's missile tests and US-China relations.
President Trump visits South Korea amid unresolved trade negotiations, including a $350bn investment deal and tariff disputes, while also addressing issues related to North Korea and US immigration policies affecting Korean companies. The trip contrasts with successful US-Japan trade commitments and precedes a high-stakes meeting with China’s Xi Jinping.
Over 300 South Korean workers were detained during a raid at a Hyundai electric vehicle plant in Georgia, prompting diplomatic efforts for their return and raising concerns within the local Korean community about immigration and safety. The US and South Korea are negotiating the workers' repatriation, with some legal complexities regarding their visa status, while the incident has caused anxiety and community tension in Pooler, Georgia.
The article discusses a recent immigration raid at a Hyundai-LG battery plant in Georgia, which involved the detention of nearly 500 workers, mostly South Korean nationals. This event has strained US-South Korea relations, especially after high-level meetings and significant Korean investments in US manufacturing. The raid highlights the complexities and challenges of foreign companies trying to comply with US immigration laws while fulfilling their investment commitments, and it has caused diplomatic and business repercussions.