GM to invest US$600 in its South Korean operations

US automaker General Motors Company announced that it plans to invest US$ 600 million in its South Korean subsidiary, GM Korea, to upgrade its production equipment and introduce new models at its plants in the country. This is double the US$ 300 million investment announced last December, following speculation last year that the automaker may be looking to exit vehicle manufacturing in the country after the US introduced import tariffs. GM Korea and its labor union together held an event at the company’s ...