00:00It's Benzinga, bringing Wall Street to Main Street.
00:02South Korea and the U.S. reached a deal to release Korean citizens
00:05detained in last week's immigration-raided Hyundai Motor Plant in Georgia,
00:09according to the Wall Street Journal.
00:10It raided the single largest site immigration enforcement action in U.S. history
00:13to take 475 people, including about 300 South Koreans working for Hyundai
00:18and LG Energy subcontractors.
00:20U.S. authorities said those arrested and crossed the border illegally
00:23overstate visas or worked while on visa waivers.
00:27Foreigner's art Tom Homan said workplace rates will increase to secure the border,
00:30arguing employers hired undocumented workers to cut costs and undercut American labor.
00:35South Korean officials said most detained nationals held B-1 training visas
00:38and were working as instructors.
00:41Seoul said it will review visa statuses with companies
00:43to reduce legal risks for Korean workers sent to the U.S.
00:46Investment projects with Hyundai are expanding their U.S. presence
00:49with Georgia's largest ever manufacturing investment
00:51and has pledged an additional $26 billion since President Trump took office.
00:56For all things money, visit Benzinga.com.
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