General Motors in South Korea

General Motors planned $3.6 billion cash infusion to save its South Korean business is going to be in the form of loans, while Korea Development Bank (KDB) will get preference …

General Motors has planned to provide $3.6 billion in fresh funding to its struggling South Korean unit, more than its earlier proposed $2.3 billion as part of a preliminary deal, …

The board of General Motors’ South Korean unit has postponed its decision on filing for court-led rehabilitation proceedings to Monday, according to two sources knowledgeable with the situation. GM Korea …

South Korea’s finance minister stated on Monday that public funds could only be utilize to favor the South Korean auto unit of General Motors if it was obvious that the …

General Motors stated its loss-making South Korean unit will file for bankruptcy if its union did not agree to cut labor costs by April 20, piling pressure on workers and …

A 47-year-old worker at a South Korean plant of General Motors was found dead in a suspected suicide after submitting for a voluntary redundancy program of the U.S. automaker’s ailing …

General Motors President Dan Ammann stated on Monday the automaker’s troubled South Korean operations can be a “sustainable, successful business,” if unions and the South Korean government concur soon on …

General Motors confirmed information about a proposed investment in its loss-making South Korean company on Friday, however stated it went through support from Seoul and GM’s Korean union. GM Korea …

General Motors has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to offer its share of the …

General Motors’ South Korean workers will go on a full strike if the automaker chooses to entirely pull out of the country, its union head informed Reuters on Wednesday, adding …