Korea GM’s decision to sell assets, including nine nationwide direct service centers and idle land of the Bupyeong plant, has sparked rumors of a potential withdrawal from Korea. The company’s president, Hector Villarreal, stated the decision was made to increase profitability and assured that all employment will be protected. However, the union is skeptical and has begun working on legislation to prevent GM’s withdrawal, urging the Korea Development Bank and the government to exercise their management and supervisory rights.
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Auto-posted at: 2025-05-29 21:06:45