Hyundai delays US plant construction after anti-immigration raid

The establishment of a battery facility in Georgia, USA, collaboratively managed by South Korean firms Hyundai Motor Group and LG Energy Solution, has faced several months of postponement following an immigration enforcement operation at the location.

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Hyundai delays US plant construction after anti-immigration raid © The Strategist

In the course of the raid, US authorities apprehended 475 workers, the majority of whom were South Korean nationals.

“This will lead to a delay of at least two to three months, as all these individuals wish to return home,” stated Hyundai CEO Jose Munoz. “Next, we must determine how to fill in these roles.”

A charter plane transporting the detained Koreans is anticipated to depart the US for South Korea on Thursday.

Hyundai Motor’s stock increased by 1.1% on Thursday.

source: cnn.com

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