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Seoul to quickly conduct due diligence on GM's S Korea unit

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Published Thu, Feb 22, 2018 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Seoul

SOUTH Korea plans to quickly conduct due diligence on the financially strapped South Korean unit of General Motors Co, Finance Minister Kim Dong Yeon said on Thursday.

The Detroit carmaker announced last week it would shut a plant in the city of Gunsan, south-west of Seoul, by May and decide the future of its remaining three plants in the country within weeks. GM has asked for financial support for its money-losing South Korean unit.

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