Gunsan factory

South Korea and GM weighing $2.8 billion investment plan

By admin1 on April 25, 2018 • ( 0 )

In a nerve-wrecking moment, literally at the very last hour, GM signs a preliminary deal with the union. Investment plan of $2.8 billion looks promising now. On Wednesday, a senior government source with direct knowledge of the matter stated, South… Read More ›

Fate of GM Korea’s Gunsan plant to be decided this week

By admin1 on March 5, 2018 • ( 0 )

While 15% of employees, 941 of 2,000 workers, have opted for GM Korea’s generous redundacy package, this week Seoul will have to decide on whether it is willing to risk taxpayer’s money to bail out the loss making plant. Union… Read More ›