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Us Korea Trade

All articles tagged with #us korea trade

industry1 month ago•5 min saved

Hyundai and Posco break ground on $5.8B Louisiana steel mill to anchor US auto supply chain

Hyundai Steel and Posco have broken ground on a $5.8 billion integrated steel mill in Donaldsonville, Louisiana. The facility, slated for commercial production in 2029, will produce 2.7 million metric tons of steel annually, primarily for automotive use. The project represents the first North American steel production base for Hyundai Steel and is a cornerstone of the group’s $26 billion US investment commitment through 2028.

via Interesting Engineering|

#automotive-manufacturing #electric-arc-furnace #hyundai-steel

business1 year ago•2 min saved

South Korea Reacts to U.S. ICE Raids and Trade Tensions

A major immigration raid at a Hyundai plant in Georgia has delayed its opening by at least two months, causing tensions between the US and South Korea and raising concerns about foreign investment and the viability of US-Korea trade agreements. The raid involved the detention of 475 workers, many of whom were from South Korea, and has impacted Hyundai's plans for the factory, which was part of a significant economic development project.

via BBC|

#business #factory-delay #hyundai