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South Korea minister heads to US to resolve fallout from immigration raid

September 09, 2025

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Business World Philippines

South Korean Foreign Minister Cho Hyun was headed for the US on Monday as he seeks to resolve the fallout over the detention of hundreds of Korean workers during an immigration raid at a time when Seoul has committed to massive investment plans in America.

Seoul said on Sunday that negotiations to arrange the release of about 300 Korean workers arrested at a Georgia battery plant being built by Hyundai Motor and LG Energy Solution had concluded, and a plan is in the works to fly them home this week.

The detention of the workers by the Department of Homeland Security agents sent shockwaves through South Korea, a major US ally which has been trying to finalize a US trade deal agreed in late July. It came just 10 days after South Korea’s new president, Lee Jae Myung, met with US President Donald J Trump in Washington and the two pledged closer business ties.

المزيد من القصص من Business World Philippines

Business World Philippines

Business World Philippines

Pluxee kicks off the holidays with new campaign, exciting promos

TO HELP its over 5,000 corporate clients in holiday shopping, Pluxee Philippines provides a wide range of solutions for employee engagement, rewards and recognition, and consumer promotions.

time to read

1 mins

November 24, 2025

Business World Philippines

Business World Philippines

Chef Tatung launches Pinas Simpol: The Love and Lore of Filipino Cooking

ACCLAIMED CHEF, author, and cultural advocate Myke \"Tatung\" Sarthou has launched Pinas Simpol: The Love and Lore of Filipino Cooking, a major new work that reframes Filipino cuisine through scholarship, memory, and cultural identity.

time to read

1 min

November 24, 2025

Business World Philippines

Business World Philippines

Novel Hotel Manila named official residence of Miss Environment International 2025

NOVEL HOTEL MANILA serves as the official residence for the highly anticipated Miss Environment International (MEI 2025) pageant.

time to read

1 min

November 24, 2025

Business World Philippines

Business World Philippines

MR.DIY Philippines celebrates graduation of first batch of neurodiverse interns

MR.DIY PHILIPPINES celebrated the graduation of its first batch of neurodiverse interns, marking a major milestone in the company's continuing mission to advance diversity, equity, and inclusion (DEI) in the workplace.

time to read

1 min

November 24, 2025

Business World Philippines

THE ROAD TO REDEMPTION

This despite challenges natural and man-made

time to read

3 mins

November 24, 2025

Business World Philippines

Infrastructure spending falls in Sept.

PHILIPPINE INFRASTRUCTURE SPENDING fell for a third straight month in September, as public works projects continued to undergo tight scrutiny amid a corruption scandal, the Department of Budget and Management (DBM) said.

time to read

4 mins

November 24, 2025

Business World Philippines

BPI sees consumer loan growth easing in 2026 as economy cools

BANK OF THE PHILIPPINE ISLANDS (BPI) expects its consumer lending expansion to slow next year as weaker economic conditions and geopolitical risks temper demand, a senior official said.

time to read

2 mins

November 24, 2025

Business World Philippines

FSCC to map PHL banks’ corporate links in 2026 to flag systemic risks

THE FINANCIAL STABILITY Coordination Council (FSCC) plans to map out banks’ connections with major companies next year as it sharpens its monitoring of emerging risks in the Philippine financial system.

time to read

1 min

November 24, 2025

Business World Philippines

Business World Philippines

Witness the splendor of a better lifestyle in Davao City

EXPLORING the potential of Davao City couldn't come at a better time than during this time of the year when the holiday season looms in and many start to think about gifts, purchases and much more a longterm investment such a new home.

time to read

1 min

November 24, 2025

Business World Philippines

Business World Philippines

T-bill yields may decline as BSP signals December policy rate cut

TREASURY BILL RATES may ease this week as investors position for a possible rate cut by the Bangko Sentral ng Pilipinas (BSP) in December.

time to read

1 mins

November 24, 2025

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