The raid saw hundreds of South Korean workers shackled and detained, straining diplomatic relations between Washington and Seoul, a key U.S. ally. Currently, 316 South Korean nationals and 14 others are in the process of being transported back to their country.
“Under the current circumstances, Korean companies will be very hesitant to make direct investments in the United States,” Lee said, according to United Press International. “Companies will have to worry about whether establishing a local factory in the United States will be subject to all sorts of disadvantages or difficulties,” which “could have a significant impact on future direct investment.”
Earlier this week, South Korean businesses reportedly suspended at least 22 projects in the United States in reaction to the raid.
“Korean workers are being treated like criminals for building factories that Washington itself lobbied for,” one executive in Seoul told The Korea Economic Daily. “If this continues, investment in the U.S. could be reconsidered.”
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