Business
What to know about the Hyundai-LG plant immigration raid in Georgia
This image from video provided by U.S. Immigration and Customs Enforcement via DVIDS shows manufacturing plant employees being escorted outside the Hyundai Motor Group’s electric vehicle plant, Thursday, Sept. 4, 2025, in Ellabell, Ga
Corey Bullard/U.S. Immigration and Customs Enforcement via AP
The South Korean government said it is working to return its nationals who were detained in an immigration raid on a Hyundai facility in Georgia last week.
Federal and immigration agents conducted a massive sweep on the plant in Ellabell, Georgia, arresting 475 people as part of an investigation into allegations of unlawful employment practices. A South Korean spokesperson told NBC News that more than 300 of the arrests were South Korean nationals.
U.S. authorities, who had a search warrant, said the arrested workers were working or living in the country illegally.
South Korean President Lee Jae Myung’s office said Sunday that detainees will be returned to South Korea on a chartered flight. Hyundai did not immediately respond to CNBC’s request for comment.
Thursday’s raid, the latest in President Donald Trump‘s crackdown on illegal immigration, marked the Department of Homeland Security’s largest single-site enforcement operation in its history, according to Steven Schrank, special agent in charge of Homeland Security Investigations in Georgia.
White House border czar Tom Homan told CNN’s “State of the Union” on Sunday that the Trump administration would continue focusing on workplaces for immigration raids.
“We’re going to do more worksite enforcement operations,” he said. “These companies that hire illegal aliens, they undercut their competition that’s paying U.S. citizen salaries.”
The Georgia plant is home to South Korean companies Hyundai and LG Energy Solution, which are building a battery manufacturing plant together. The $7.6 billion Hyundai plant employs more than 1,200 people. The company began building its manufacturing plant in 2022 and started making electric vehicles less than two years later, making the plant one of the largest economic developments in the state.
LG Energy Solution said on Saturday that 47 of its employees were detained, along with an additional 250 people from “equipment partner companies.”
Schrank said the arrested workers were employed by contractors and subcontractors.
In a Friday statement, U.S. Attorney Margaret Heap said more than 400 agents took part in the raid.
“The goal of this operation is to reduce illegal employment and prevent employers from gaining an unfair advantage by hiring unauthorized workers,” Heap said in the statement. “Another goal is to protect unauthorized workers from exploitation.”
In a statement to NBC News on Friday, Hyundai said it was monitoring the situation and that none of the detainees were direct employees of the auto company.
The South Korean government said on Friday that it conveyed its “concern and regret” to the U.S. Embassy and urged them to ensure the South Korean employees’ rights were not violated.
“In the course of U.S. law enforcement, the economic activities of our investment firms and the rights and interests of our nationals must not be unjustly infringed upon,” said Lee Jae-woong, a spokesperson for South Korea’s foreign ministry.
In a Truth Social post, Trump wrote that he is calling on all foreign companies investing in the U.S. to “please respect our Nation’s Immigration Laws.”
“Your Investments are welcome, and we encourage you to LEGALLY bring your very smart people, with great technical talent, to build World Class products, and we will make it quickly and legally possible for you to do so. What we ask in return is that you hire and train American Workers,” he wrote.
Speaking to reporters on Sunday, Trump also said the raid had no connection to the economic ties between the two countries, saying that the U.S. has “a great relationship” with South Korea.
Hyundai told NBC News Monday morning that business travel to the U.S. remains in place, with some trips subject to internal review.
Business
Hyundai i20 becomes Rs 87,000 cheaper: Now starts at Rs 5.99 lakh – Best time to buy?
Hyundai i20 Price Cut Details: Hyundai Motor India has made the i20 more affordable by cutting prices for several variants. Now the premium hatchback is more accessible to buyers with a starting price of Rs 5.99 lakh (ex-showroom). Earlier, the entry price was Rs 6.86 lakh. That is a big drop for a car in this segment.
Official Statement
Commenting on the announcement, Sunil Moolchandani, National Sales Head, HMIL, said, “With the new starting price of Rs 5,99,000, we are making the i20 experience even more compelling, accessible and desirable for customers. This reflects our commitment to offering value-driven mobility solutions.”
New base variant
The i20 lineup now starts from the Era variant, priced at Rs 5,99,000 (ex-showroom). The variant comes equipped with 6 airbags, digital instrument cluster, front and rear skid plates, body-colour ORVMs and door handles, Type-C USB charger and telescopic steering.
Hyundai has also reduced prices for the mid-level trims. The i20 Magna Executive now costs Rs 6,73,900, compared to Rs 6,86,865 earlier. The i20 Magna is priced at Rs 6,99,900, down from Rs 7,12,385. All prices are ex-showroom.
Hyundai i20 Magna Executive features
The Magna Executive variant comes equipped with a digital cluster, front and rear skid plates, shark fin antenna, Highline Tyre Pressure Monitoring System (TPMS), automatic headlamps, telescopic steering, keyless entry, electrically adjustable ORVM and steering wheel with audio & Bluetooth controls.
Hyundai i20 Magna features
Building on this, the Hyundai i20 Magna variant further enhances the premium quotient with features such as an electric sunroof, LED DRLs, rear AC vents and front armrest with storage.
Hyundai is also offering a 10.1-inch touchscreen infotainment system as a dealer-installed option. It supports wireless Apple CarPlay and Android Auto and comes with a rear camera. This package costs Rs 14,999 and includes a 3-year warranty on the screen.
Business
Indian stocks settle in red on profit booking; Sensex dips 504 points
New Delhi: Indian stock indices settled lower on Thursday, with analysts attributing the decline to profit booking following the recent uptick after the announcement of the India-US trade deal.
Sensex closed at 83,313.93 points, down 503.76 points, or 0.60 per cent, while Nifty closed at 25,642.80 points, down 133.20 points or 0.52 per cent, respectively.
According to Vinod Nair, Head of Research, Geojit Investments Limited, Indian equities saw consolidation, as weakness was followed by a sharp rally in recent sessions driven by optimism around the US-India trade deal.
Nair said possibly profit booking was at play today.
“Global cues added further pressure, with concerns over a broad-based tech sell-off in international markets and heightened US-Iran tensions leading to risk-off sentiment. Metals and small-cap stocks were key underperformers, while broader indices reflected cautious trading,” Nair added.
Market participants are now turning their attention to the upcoming RBI policy meeting slated for Friday. “With India’s growth outlook remaining strong, consensus expectations point toward a status quo on rates,” Nair said.
Ponmudi R, CEO of Enrich Money, a SEBI – registered online trading and wealth tech firm, said Indian equity markets traded in a tight range, signalling a wait-and-watch phase as investors remained cautious in the absence of fresh domestic triggers.
“While overall sentiment remained stable, the benchmarks struggled to sustain momentum at higher levels, reflecting a lack of follow-through buying despite earlier positives,” Ponmudi R said.
RBI Governor Sanjay Malhotra, after the December MPC meeting, characterised India’s current macroeconomic moment as a “rare goldilocks period”, that marks high economic growth and exceptionally low inflation.
The monetary policy committee of the RBI had cut the repo rate by 25 basis points to 5.25 per cent, after the three-day review meeting that had concluded in December 5.
Business
Nuneaton social supermarket aims to provide affordable food
The charity’s founder says the supermarket also aims to help users get support from other services.
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