Slate Daily Feed Slate Money | The Hyundai ICE Raid
Sep 13, 2025
A controversial ICE raid at a Hyundai plant disrupts operations and raises fears about foreign investments in the U.S. Meanwhile, Oracle's stock skyrockets due to AI deals, inching it closer to a trillion-dollar valuation. The hosts also critique JP Morgan's extravagant new skyscraper, likening it to a Vegas hotel while discussing corporate real estate trends. Plus, a quirky segment features a playful rivalry between Zuckerberg and Zuckerberg, adding a lighthearted touch to serious financial discussions.
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Hyundai Raid Sparked Diplomatic Crisis
- ICE's raid on the Hyundai Georgia plant detained hundreds of South Korean workers and caused a diplomatic furor between the U.S. and Korea.
- The detained workers were ultimately released and flown home on a chartered jet paid for by the Korean government.
Coordinate Enforcement With Investment Goals
- Recognize tensions between immigration enforcement and investment promotion when planning industrial policy.
- Coordinate federal and state agencies to avoid actions that derail major foreign investments.
Visa Gaps Fueled The Incident
- Korea lacks easy temporary-work visa arrangements that other allied countries have, which contributed to the crisis.
- ICE's maximalist visa interpretation turned routine B-1 usages into deportation risks for managers.