South Korean Firms Reel From Fallout of Hyundai Plant Raid (1)

South Korea’s biggest conglomerates are rushing to contain fallout from a sweeping US immigration raid at a Hyundai Motor Co.-LG Energy Solution Ltd. battery venture in Georgia that’s sparked concerns over billions of dollars in planned investments.

“We are well aware of the concerns that have been raised regarding our investment in the US following the immigration crackdown,” South Korea’s Trade Minister Yeo Han-koo said at a government meeting Monday. “We will work with related agencies including the Foreign Ministry to explore ways to improve the system.”

Last week’s sweeping raid shocked South Koreans after images showed ...