News
21 February 2018

GM proposes $2.8bn investment in South Korea operations

Region:
Asia-Pacific

General Motors has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next ten years and has asked Seoul to provide its share of the funds throuh the Korea Development Bank.

GM owns 77% of its South Korean unit GM Korea, while state-run KDB owns a 17% stake.

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