"Tech Prophet" Who Predicted the iPhone Now Predicts...

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

South Koreans feel betrayed over detainment of hundreds of workers at plant raid in Georgia

HYUNG-JIN KIM and KIM TONG-HYUNG
September 08, 2025

SEOUL, South Korea (AP) -- South Korea's foreign minister will travel to the U.S. on Monday to finalize steps for the return of several hundred South Korean workers detained last week in a massive immigration raid in Georgia, as the incident caused confusion, shock and a sense of betrayal among many in the U.S.-allied nation.

The Sept. 4 raid at a battery factory of the Hyundai plant in Georgia led to the detainment of 475 workers, more than 300 them South Koreans, some of whom were shown being shackled around their hands, ankles and waists in video released by U.S. Immigration and Customs Enforcement.

South Korea announced Sunday the U.S. agreed to release the detained workers, saying it would send a charter plane to bring them home once final administrative steps are completed.

U.S. President Donal Trump, who earlier backed the raid, said Sunday night that the U.S. could work out an arrangement with South Korean workers to train U.S. citizens to do work such as battery and computer manufacturing.

South Korean political community roiled by the U.S. raid

Appearing at a parliamentary hearing before his departure, Foreign Minister Cho Hyun called the raid "a very serious matter" that he hadn't anticipated at all, as many lawmakers lamented the American operation.

"If U.S. authorities detain hundreds of Koreans in this manner, almost like a military operation, how can South Korean companies investing in the U.S. continue to invest properly in the future?" said Cho Jeongsik, a lawmaker from the liberal governing Democratic Party.

Another lawmaker, Kim Gi-hyeon from the conservative opposition People Power Party, said the "unacceptable" raid dealt South Korea a "severe blow that will be difficult to heal."

Some lawmakers even called for the government to retaliate by investigating Americans who are alleged to work illegally in South Korea.

Seoul has expressed regret over the raid, but experts say it won't likely take any major tit-for-tat measures given the country's security dependence on the U.S. in deterring potential North Korean aggressions and other spheres of cooperation between the two countries, including business ties.

Many South Koreans are stunned by the U.S. raid

The Georgia operation was the latest in a series of workplace raids performed as part of the Trump administration's mass deportation agenda, but it was Homeland Security Investigation's largest enforcement operation on a single site. Many observers note that the state of Georgia is a symbol of the economic cooperation between the two countries since many large South Korean businesses operate factories and plan future investments there.

In South Korea, many remain stunned at the raid that came after the country in late July promised to pour hundreds of billions of dollars into U.S. investments as part of a tariff deal. In late August, Trump and South Korean President Lee Jae Myung also held their first summit meeting in Washington.

"The way that Trump is pressuring the Korean government and inflicting damages on its people is very rough and unilateral," said Kim Taewoo, former head of Seoul's Korea Institute for National Unification. "Can this be forgotten easily in South Korea? In a long-term perspective, it won't be good for U.S. national interests as well."

In an editorial Monday, South Korea's biggest newspaper, Chosun Ilbo, wrote that "Fundamental doubts emerge: What does the U.S. mean by 'alliance,' and are investment benefits guaranteed across administrations?"

Paik Wooyeal, a professor at Seoul's Yonsei University, viewed the raid as a collision between a U.S. goal of reshoring manufacturing with foreign investments, and a lack of visa and immigration systems that could support such an attempt.

Paik said that South Korean companies operating in the U.S. will likely suffer "a great confusion" as they would be forced to bring their workers back home to resolve visa issues. Such developments would also undermine U.S. interests, but Trump won't likely make any concessions anytime soon, Paik said.

South Koreans question U.S. visa system

Steven Schrank, the lead Georgia agent of Homeland Security Investigations, said Friday that some of the detained workers had illegally crossed the U.S. border, while others had entered the country legally but had expired visas or had entered on a visa waiver that prohibited them from working.

But South Korean officials and experts have expressed frustration over what they call the United States' strict limits on H-1B or H-2B visas for high-skilled foreign workers to protect its domestic workforce, and its inaction on Seoul's calls to expand work visas for skilled South Korean nationals. As a result, South Korean companies have been relying on short-term visitor visas or the Electronic System for Travel Authorization to send workers needed to launch manufacturing facilities or handle other setup tasks.

"The incident will inevitably exacerbate shortages of skilled workers with legal work authorization and create pressure for increases in labor costs, potentially disrupting operations and rising costs across major business projects in the United States," South Korea's Eugene Investment and Securities said in a report Monday.

Daishin Securities in a report said the Georgia raid could delay operations at the targeted battery plant, which was slated to begin production early next year, potentially affecting Hyundai's EV business in America.

During Monday's parliamentary hearing, Cho, the foreign minster, told lawmakers that the U.S. had "not responded adequately" to South Korea's requests to expand skilled visas for its workers, and that Seoul plans to use the Georgia raid as an opportunity to move related negotiations forward.

Cho said that some of the people detained in Georgia may need to return to the site to complete work at the factory, and that South Korean officials are negotiating with American authorities to ensure that those detained can reenter the United States.

"I will clearly point out to them that a delay in (the factory's) completion would also cause significant losses for the United States," Cho said.

Continue Reading...

Popular

Steve Jobs Says Smart People Excel At This When Learning New Things, Science Shows He Had A Point

Steve Jobs believed in connecting dots, supported by neuroscience. Intelligence is seeing the whole thing, not just being book-smart. Others like Bezos and Buffett also value learning and open-mindedness.

Bill Ackman Has 70% Of His Portfolio Invested In These 5 Stocks: Here's What Q2 13F Filings Show

Discover how Bill Ackman invested ~70% of his $13.7M portfolio in 5 stocks like UBER & AMZN per Q2 2025 13F filings. Explore top holdings now!

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Super Micro Computer (SMCI) Shares Are Sliding Tuesday: What's Going On?

Super Micro Computer shares are trading lower Tuesday. The stock is caught in a downdraft affecting the broader semiconductor and high-growth technology sectors.

Bitcoin At $114,000 Ahead Of Inflation Data: Here's How High It Could Go

Bitcoin (CRYPTO: BTC) is hovering around $114,000 on Thursday morning, with analysts eyeing further upside subject to a benign inflation data report to be released later in the day.

The New Way to Use AI in the Stock Market... - Ad

A Wall Street legend just helped train our own proprietary AI system in the stock market (a project that took dozens of technology and finance experts, including one PhD astrophysicist, and $4 million in total research costs). In a multi-year backtest, this breakthrough beat stocks, bonds, gold... even Warren Buffett.

Jim Cramer: Sell Chime, Get This Buy Now Pay Later Stock Instead

Chime Financial, on Aug. 22, announced a strategic partnership with Workday to advance financial wellness in the workplace.

780,000 pressure washers are under recall after some consumers report explosions and impact injuries

NEW YORK (AP) — About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Inside Warren Buffett's Decision to Keep Leading Berkshire Hathaway in His 90s

Warren Buffett's retirement decision has sparked debates about his reasons for working past the typical retirement age and his current choice to step aside.

Mortgage Fraud Is Now A Trump-Era Flashpoint—Here's Everything You Need To Know

Given the recent high-profile cases, Benzinga decided to take a closer look at what mortgage fraud is and how it can be committed.

Could You Use Some Instant Cash Upfront? - Ad

Millionaire trader Jeff Clark's #1 income strategy gives you the chance to collect instant cash payouts, as much as $100 to $1,000 upfront! The great part is you can collect these upfront cash payouts without owning a single stock.... Jeff's put all the details in a special briefing titled Infinite Income Manifesto.

Jim Cramer Expects Palantir To Reach New All-Time High

Market analysts and financial commentators provide crucial guidance in the volatile investment landscape. Cramer says no to VKTX, but expects PLTR to go up.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Edmunds SUV comparison: New Honda Passport vs Toyota 4Runner

Toyota has released a redesigned 4Runner for 2025. This is a big deal for fans of this SUV, as the previous generation was on sale for a lengthy 14 years. The new has distinctive new styling, the latest technology features, and an available hybrid powertrain that promises increased performance without sacrificing mpg. And just like previous models, it has a rugged design that’s well suited for off-road adventures.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Ukrainian Drone Sparks Blazes Just Miles From Putin's Mysterious $1.5B Black Sea Palace

A Ukrainian drone strike has ignited widespread forest fires in close proximity to Russian President Vladimir Putin's opulent Black Sea residence, colloquially known as "Putin's Palace".

Trump administration asks Supreme Court to let him fire member of Federal Trade Commission

WASHINGTON (AP) — The Trump administration on Thursday asked the to let the president fire a member of the Federal Trade Commission, the latest in a string of emergency appeals over the president's removal power.

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Powerball, Mega Millions Missing Jackpots: What Happens To Unclaimed Lottery Tickets

Powerball is one of the most popular lottery games that can offer hundreds of millions of dollars, or in some cases billions, in potential winnings.

Sikh truckers see spike in anti-immigrant vitriol after deadly Florida crash

Members of California’s Sikh trucking community say a deadly crash involving one of its own, which triggered heated national , has led to a spike in anti-Sikh rhetoric.

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the October 1st funding window closes.

Bitcoin, Ethereum, XRP Flat; Solana Rises: BTC Is On 'Knife's Edge,' Says Analytics Firm — Future Depends On This Level

Cryptocurrencies held steady while stocks hit fresh highs on Wednesday, as a downward revision to jobs data lowered optimism but strengthened expectations for rate cuts.

Eightco, Nebius, Quantumscape, Planet Labs And Globalstar: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average up 0.25% at 45,514.95, the S&P 500 advancing 0.2% to 6,495.15, and the Nasdaq climbing 0.45% to 21,798.69. These are the top stocks that gained the attention of retail traders and investors throughout the day.

Stanley Druckenmiller and Nvidia Just Piled Into This Obscure Startup - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend - twice featured on 60 Minutes - predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

A Chinese mining company is accused of covering up the extent of a major toxic spill in Zambia

LUSAKA, Zambia (AP) — A Chinese-owned mining company has been accused of covering up the extent of that polluted a major river that millions rely on with cyanide and arsenic.

Trump Dispels Health Rumors With Golf Outing, Vance Says President Is In 'Incredibly Good Health'

President Donald Trump was seen golfing at Trump National Golf Club in Sterling, Va., on Saturday, countering speculation about his health.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

A preliminary report on Lisbon's streetcar tragedy is expected Friday

LISBON, Portugal (AP) — Details started to emerge about the people who were killed when a derailed, as the first investigative report examining what caused the popular Lisbon tourist attraction to crash was expected to be released Friday.

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Cracker Barrel suspends plans to remodel restaurants after logo blowup

Cracker Barrel said Tuesday it’s suspending remodels of its restaurants after criticism from many longtime fans.

Epstein accuser Virginia Giuffre wrote a memoir. Months after her death, it's coming out

NEW YORK (AP) — A posthumous and “unsparing” memoir by one of most prominent accusers, will be published this fall, publishing house Alfred A. Knopf said Sunday.

The New Way to Use AI in the Stock Market... - Ad

A Wall Street legend just helped train our own proprietary AI system in the stock market (a project that took dozens of technology and finance experts, including one PhD astrophysicist, and $4 million in total research costs). In a multi-year backtest, this breakthrough beat stocks, bonds, gold... even Warren Buffett.

Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook

WASHINGTON (AP) — President Donald Trump's administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. as he seeks more control over the traditionally independent board.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service