FILE PHOTO: A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are transported to a port for export, in Incheon, west of Seoul August 9, 2013. REUTERS/Lee Jae-Won/File Photo
February 21, 2018
SEOUL (Reuters) – General Motors <GM.N> has proposed $2.8 billion fresh investment in South Korea over the 10 years as part of its plan to restructure its embattled Korean unit, a South Korean senior government official said.
The official with direct knowledge of the matter added the U.S. carmaker had requested South Korea to inject funds into GM Korea in which the country’s state bank also holds a stake.
(Reporting by Shinhyung Lee, writing by Ju-min Park; Editing by Simon Cameron-Moore)
