GM and KDB provides financial aid to GM Korea
- 6 years ago
The Korean government and General Motors reached an agreement on how to rescue GM Korea.
The American auto giant will provide about 6 billion U.S. dollars of extra investment to GM Korea and the Korea Development Bank will provide 750 million dollars to the firm.
The deal was struck between the nation's Finance chief Kim Dong-yeon... and the president of GM International, Barry Eagle.
According to the government such a decision could be made as they found ways to improve GM Korea's profitability.
The American auto giant will provide about 6 billion U.S. dollars of extra investment to GM Korea and the Korea Development Bank will provide 750 million dollars to the firm.
The deal was struck between the nation's Finance chief Kim Dong-yeon... and the president of GM International, Barry Eagle.
According to the government such a decision could be made as they found ways to improve GM Korea's profitability.