GM Closes Plant In South Korea, To Decide Fate Of Remaining 3 In Weeks

On Tuesday morning, GM unexpectedly announced that it would close its Gunsan plant in South Korea, which employs 2,000, and decide the fate of the remaining three Korean plants within weeks. According to a report by Reuters, a South Korean official said, "GM only talked about the difficult situation they were in, and asked for our help, but did not say a word about the closure before. It was a shock to us.

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