Hyundai CEO reveals how $26B investment got derailed by 475-person immigration raid
Key Points
- Hyundai's construction delays due to an immigration raid on ...
When 475 workers at a Hyundai-LG battery plant in Georgia got detained in an immigration raid on September 4th, it wasn't just another enforcement action – it was a $500 billion wake-up call about the messy intersection of immigration policy and foreign investment.
When Your Construction Crew Goes Missing
Hyundai CEO José Muñoz delivered the kind of news that makes CFOs reach for antacids: the raid will delay construction by at least two to three months. Most of the detained workers were South Korean, which creates a peculiar problem when you're trying to build advanced EV battery techno...
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