financetom
Business
financetom
/
Business
/
South Korea, US to hold business visa talks on Tuesday, ministry says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
South Korea, US to hold business visa talks on Tuesday, ministry says
Sep 28, 2025 11:42 PM

SEOUL, Sept 29 (Reuters) - South Korea and the United

States will meet for their first working group discussions on

visa systems for Korean companies operating in the U.S. on

Tuesday, Seoul's foreign ministry said.

The talks are designed to improve U.S. visa programmes for

South Korean businesses there in the aftermath of a massive raid

that led to the arrests of hundreds of South Korean workers at a

Hyundai Motor ( HYMLF ) car battery facility under

construction in Georgia earlier this month.

Wi Sung-lac, South Korea's top national security adviser,

said on Monday the country would resolve the visa issues as

quickly as possible to create a better environment for Korean

investments in the United States.

South Korean companies have become major investors in the

U.S., building factories that often require highly technical

skill sets that are not easy to find in the United States.

But unlike some countries such as Australia, Canada and

Mexico, South Koreans do not have access to special treaty work

visas.

Instead, workers from South Korean companies have used visa

waiver programmes or temporary visas for some business-related

activities.

"We will focus on making current (visa) systems more clear

and seek to design a new category in addition to that," though

it is hard to know when this will be completed," Wi told a media

briefing on Monday.

"We will try to achieve an outcome as quickly as

possible," he said.

Wi reiterated that South Korea was unable to pay $350

billion in cash for an investment package that U.S. President

Donald Trump suggested as part of a deal to cut tariffs.

Washington had agreed to lower tariffs on imports from South

Korea in return for the investment package, but follow-up

negotiations to hammer out details, including the structure of

the investment package, have stalled.

Visa issues for Korean workers are not necessarily connected

to the ongoing tariff negotiations, but resolving those issues

would help the country's businesses in the U.S., Wi said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lundin Mining Share Capital Decreases Due to Buybacks
Lundin Mining Share Capital Decreases Due to Buybacks
Mar 3, 2025
07:08 AM EST, 03/03/2025 (MT Newswires) -- Lundin Mining ( LUNMF ) late on Friday said its issued and outstanding shares decreased by roughly 1.9 million to 865.9 million common shares with voting rights as of Feb. 28. The decrease resulted from share buybacks completed under a normal course issuer bid, offset by the exercise of employee stock options or...
ING Launches $73.2 Million Share Repurchase Program
ING Launches $73.2 Million Share Repurchase Program
Mar 3, 2025
07:07 AM EST, 03/03/2025 (MT Newswires) -- ING (ING) said Monday it initiated a share repurchase program with a maximum value of 70 million euros ($73.2 million) to fulfill obligations related to share-based compensation plans. The company said the repurchase will begin Monday and is expected to conclude by March 7. The European Central Bank has approved the program, which...
SSR Mining Closes CC&V Acquisition and Voluntarily Delists From ASX
SSR Mining Closes CC&V Acquisition and Voluntarily Delists From ASX
Mar 3, 2025
07:07 AM EST, 03/03/2025 (MT Newswires) -- SSR Mining ( SSRGF ) on Monday said it closed its previously announced acquisition of Cripple Creek & Victor gold mine from Newmont ( NEM ) . The company made a $100 million cash payment to Newmont ( NEM ), with up to $175 million in additional milestone-based payments to be made in...
Hut 8 Q4 Net Income Increases, Revenue Falls
Hut 8 Q4 Net Income Increases, Revenue Falls
Mar 3, 2025
07:11 AM EST, 03/03/2025 (MT Newswires) -- Hut 8 ( HUT ) reported Q4 net income Monday of $152.2 million, up from $10.6 million a year earlier. Analysts polled by FactSet expected $3.5 million. Revenue for the quarter ended Dec. 31 was $31.7 million, up from $38.9 million a year earlier. Analysts surveyed by FactSet expected $38.4 million. Hut 8...
Copyright 2023-2026 - www.financetom.com All Rights Reserved