South Korean investment projects in the US face delays until authorities resolve visa issues. The prime minister urged Washington to act quickly to reassure Korean workers. Therefore, firms cannot make meaningful progress without a solution. In addition, visa problems affect thousands of employees and cast a cloud over future plans. Consequently, companies hesitate to commit resources while uncertainty persists.
Prime Minister Kim Min-seok said that projects remain active but large numbers of workers cannot enter or re-enter the US until the visa system improves. The issue also threatens a $350 billion investment fund linked to a trade agreement. Moreover, hundreds of South Koreans faced detention at a Georgia battery plant, raising public concern. Therefore, companies and employees approach US operations with caution.
South Korea and the US are negotiating to revise the visa framework. After authorities detained the workers, Seoul coordinated their return home, calming some immediate concerns. Furthermore, families of employees resist travel until Washington provides firm assurances. Consequently, South Korean investment projects cannot proceed smoothly. Officials emphasize the importance of restoring confidence quickly.
The trade negotiations cover tariffs on South Korean goods and investment commitments. Without a currency swap agreement, South Korea may face severe economic shocks. Moreover, the government may need parliamentary approval if fiscal obligations rise significantly. Therefore, leaders must resolve visa and investment concerns promptly to protect economic stability.
Prime Minister Kim also highlighted defense spending and North Korea. South Korea plans to raise defense expenditure gradually to 3.5% of GDP to strengthen national security. While discussions continue, officials stress maintaining a sustainable budget. In addition, potential meetings between US and North Korean leaders remain uncertain but open. Consequently, diplomatic and economic issues directly influence South Korean investment projects.
Failure to resolve visa and investment challenges may disrupt future high-level meetings. Therefore, both governments must find workable solutions. In the meantime, companies continue planning cautiously while awaiting clarity. Overall, South Korean investment projects show the need for coordinated policies and a skilled workforce.
