Democratic midterm gains may prompt South Korean firms to adjust US lobbying

Democrats won majorities in both chambers of Congress in the US midterm elections held on November 3.

They also gained ground in local government, changing the political landscape for companies operating in the country.

South Korean companies with US investments may need to adjust their lobbying strategies in response.

Since Donald Trump took office, his administration has imposed tariffs on goods including steel and stressed the importance of investment in the US.

South Korean firms have invested in US operations and built ties with the Trump administration and Republicans.

Trump still has more than two years left in his term, so the election results do not end the need to work with his administration.

The sources do not say what specific changes the companies will make next.