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GM and KDB provides financial aid to GM Korea

2018-05-11 1 Dailymotion

The Korean government and General Motors reached an agreement on how to rescue GM Korea.<br /> 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. <br />The deal was struck between the nation's Finance chief Kim Dong-yeon... and the president of GM International, Barry Eagle.<br />According to the government such a decision could be made as they found ways to improve GM Korea's profitability. <br />

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