GM Korea's board of directors are meeting today to discuss money matters surrounding its Gunsan plant.<br /> They are set to discuss whether to extend the maturity date on some 644-million-dollars borrowed from GM's U.S.-based headquarters in 2012.<br />The initial deadline of December last year had already been extended to the end of this month.<br />The company says it will decide on the future of its plants in Korea based on discussions with the South Korean government and GM Korea's labor union.<br /> Speaking on the issue,... Korea's finance minister said due diligence *must be completed before taking any action. <br />He added that GM should play a 'responsible role', that the Korea Development Bank and GM's local labor union should 'share the pain', and that any plan shouldn't just be a short term fix. <br />
