The Dealmaker Blows A $4.3B Deal With Raid On Hyundai Plant

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South Korean businesses have suspended at least 22 U.S. projects after an ICE raid on a Hyundai Motor factory site in Georgia detained hundreds of South Korean workers. Such a great move by the Deal Maker In Chief! Via the New Republic:

Some 475 employees, including 300 South Koreans, were taken into custody Thursday at the Savannah-area battery plant. Videos released by U.S. Immigration and Customs Enforcement officials showed the detained workers in shackles and chains. The raid shocked Seoul, a key U.S. ally, where people expressed a sense of betrayal by Washington.

The facility was part of a $4.3 billion joint venture that was slated for completion later this year. It was expected to create 8,500 jobs that would support the car company’s nearby electric vehicle plan, but construction on the factory was put on pause after the raid.

Work on at least 22 other factory sites with ties to South Korea has also been halted, reported The Korean Economic Daily. Those facilities are involved in industries related to automobiles, shipbuilding, steel, and electrical equipment.

South Korean companies with U.S. business interests have canceled travel plans and recalled their U.S.-based staff, fearing that their employees could be affected by more raids.

“Korean workers are being treated like criminals for building factories that Washington itself lobbied for,” a company executive in Seoul told the business newspaper. “If this continues, investment in the U.S. could be reconsidered.”

President Donald Trump defended the raid, claiming Friday that the employees were in the U.S. “illegally” and that U.S. companies needed to focus on training their American employees in order to do the jobs they would otherwise outsource.