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Hyundai already announced a two to three month delay on this plant after this whole thing. They aren't walking away, but this isn't an event they are forgetting.
It won't matter what President comes after this one, this whole thing is going to influence investment from South Korea for some time.
if i were korea, i would just cut my losses and build in another country, like mexico and canada. or build it in a blue states, but foreign companies love the lack of labor protections in red states
If you were a foreign company considering investing a substantial amount of money to build a plant in the U.S., and then the unstable authoritarian dictator of that country pulls a stunt like this, you're going to reconsider putting any more capital at risk.
An unstable authoritarian dictator who, as way of a supposed apology, has literally told you that he's going to do it again as soon as he's stolen your technology, with the stated intention of putting you and your whole country out of business.
Only reasonable course of action seems to write the factory down as a loss and never set foot in the USA again.
I've seen this plant, and it's massive. I don't know how close to completion they are, but billions have been spent. If they pull out they are going to take a hell of a loss. Hopefully that means they'll work to weaken Trump and the GOP in order to help their bottom line.
Sunk cost fallacy.
Indeed.
The actuarial calculation must be the billions more that will potentially be lost when exposing themselves to further harassment and extortion from Trump and his cronies versus the definite billions lost if they were to cancel everything now.
I wish more people understood this
korea seems to suck up to the gop quite often, probably i wont hold your breath. because they build in exclusive red areas. The only change will come , if Korean citizens refuse to relocate to the USA for work.
That might mean they don't send as many of their workers and it takes longer to finish.