SentenceSentimentTitleUrlDate
What crazy person will stage a full strike for three days under this economic We are going on a strike because we are said a GM Korea union leadership official NegativeThe decision came after the union rejected GMs proposal for a base wage freeze and no bonuses for a second year in a row http://www.reuters.com/subjects/autos/article/us-gm-southkorea-strike/gms-south-korean-workers-to-stage-full-strike-for-first-time-over-wage-talks-idUSKCN1VR19B2019-09-07
We aim to close this deal as soon as possible to ensure that there will be ongoing economic GM Korea said in a statement PositiveSEOUL A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors local unit to start contract manufacturing of electric vehicles http://www.reuters.com/subjects/autos/article/us-gm-southkorea/tesla-supplier-agrees-to-buy-gms-south-korean-plant-for-ev-manufacturing-idUSKCN1RA0792019-03-29
GM Korea confirmed the deal saying we aim to close this deal as soon as possible to ensure that there will be ongoing economic activity PositiveSEOUL South Korean auto parts maker Myoungshin plans to buy General Motors car factory in the southwestern city of Gunsan for 113 billion won http://www.reuters.com/subjects/autos/article/us-gm-southkorea-ms-autotech/gm-to-sell-closed-south-korean-plant-to-local-parts-maker-for-99-million-idUSKCN1RA0CW2019-03-29





SentenceSentimentTitleUrlDate
Nick Reilly a former chief executive of GM Korea told Reuters that Hyundais brand image has certainly gone up but still is not anywhere near a premium PositiveChina At a nearempty Hyundai Motor http://www.reuters.com/subjects/autos/article/us-hyundai-motor-mojo/how-hyundai-motor-once-a-rising-star-lost-its-shine-idUSKCN1N90PZ2018-11-06
The crisis of the South Koreas auto it is not just the problem of GM Korea NegativeSEOUL When workers at South Koreas Hyundai Motor http://www.reuters.com/finance/article/us-hyundai-motor-strike/as-hyundai-struggles-its-labor-union-shows-signs-of-softening-idUSKBN1KH0AG2018-07-27
They could also have a devastating impact on smaller players such as GM Korea and its plan to become a major export hub again Negativehttp://www.reuters.com/finance/article/us-usa-trump-autos-gm-analysis/trumps-auto-tariff-plan-threatens-gms-7-billion-south-korea-rescue-idUSKCN1IV0H02018-05-30
GM Korea declined to comment Negativehttp://www.reuters.com/finance/article/us-usa-trump-autos-gm-analysis/trumps-auto-tariff-plan-threatens-gms-7-billion-south-korea-rescue-idUSKCN1IV0H02018-05-30
South Korean suppliers provide parts worth nearly billion to GMs factories overseas including the United States and Mexico according to GM Korea Positivehttp://www.reuters.com/finance/article/us-usa-trump-autos-gm-analysis/trumps-auto-tariff-plan-threatens-gms-7-billion-south-korea-rescue-idUSKCN1IV0H02018-05-30
GM Korea now has the right fundamentals to grow a successful business in Korea for the long the companys Chief Executive Kaher Kazem said in a statement Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-to-turn-a-profit-in-2019-plans-suv-crossover-idUSKBN1IC1VF2018-05-14
A GM Korea spokesman declined to comment saying talks are ongoing Neutralhttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/south-korea-says-gm-deal-to-ensure-it-remains-in-country-for-at-least-10-years-idUSKBN1IA07N2018-05-09
Kaher Kazem CEO of GM Korea said in an internal letter on Tuesday that it plans to reach a binding final agreement with the government on Friday Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/south-korea-says-gm-deal-to-ensure-it-remains-in-country-for-at-least-10-years-idUSKBN1IA07N2018-05-09
8 billion debtforequity swap for existing loans GM Korea owed to its parent Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-to-provide-loans-to-korean-unit-state-run-bank-to-receive-shares-sources-idUSKBN1I31L52018-05-02
Both GM Korea and KDB declined to comment Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-to-provide-loans-to-korean-unit-state-run-bank-to-receive-shares-sources-idUSKBN1I31L52018-05-02
Unionized workers at GM Korea approved a tentative wage deal agreed with the automaker which includes a base salary freeze and no bonuses for this year Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-president-says-near-resolution-for-south-korea-unit-union-accepts-wage-deal-idUSKBN1HX0742018-04-26
In a nonbinding preliminary deal also on Thursday the staterun Korea Development Bank said it planned to provide million to GM Korea in proportion with its 17 percent stake Negativehttp://www.reuters.com/subjects/banks/article/us-gm-southkorea/gm-south-korea-agree-4-35-billion-lifeline-for-gm-korea-idUSKBN1HX0742018-04-26
The KDB which owns a 17 percent stake in GM Korea also plans to invest a total of billion in the unit Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-funding/gm-agrees-to-provide-3-6-billion-funding-to-south-korean-unit-south-korea-idUSKBN1HX1ME2018-04-26
4 proportional to its 17 percent stake in GM Korea to help fund GMs investment in the unit Neutralhttp://www.reuters.com/finance/article/us-gm-southkorea/gm-south-korea-weigh-raising-investment-plan-in-unit-from-2-8-billion-source-idUSKBN1HW0562018-04-25
On Wednesday GM Korea started receiving applications for a fresh voluntary redundancy program targeted at mainly the remaining 680 workers at the Gunsan factory which faces closure by May Neutralhttp://www.reuters.com/finance/article/us-gm-southkorea/gm-south-korea-weigh-raising-investment-plan-in-unit-from-2-8-billion-source-idUSKBN1HW0562018-04-25
GM Korea has since been receiving applications for a fresh voluntary redundancy program targeted at mainly the remaining 680 workers at the Gunsan factory which faces closure by May Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-may-raise-investment-plan-for-south-korean-unit-source-idUSKBN1HW0562018-04-25
GM Korea last week said it would file for bankruptcy protection should it fail to gain concessions from the union by its extended deadline of Monday evening Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-may-raise-investment-plan-for-south-korean-unit-source-idUSKBN1HW0562018-04-25
GM Korea agreed a lastminute wage deal with its union on Monday paving the way for nearly million in fresh capital injection by the government Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-analysis/gm-korea-averts-bankruptcy-but-how-long-will-it-stay-idUSKBN1HV15G2018-04-24
Once the backbone of GMs global expansion strategy GM Korea produced close to a fifth of its global output of Chevrolet vehicles at its peak Neutralhttp://www.reuters.com/finance/article/us-gm-southkorea-analysis/gm-korea-averts-bankruptcy-but-how-long-will-it-stay-idUSKBN1HV15G2018-04-24
GM Korea made a spectacular turnaround boosting volume by over threefold to a record 940000 vehicles in 2007 from 2002 Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-analysis/gm-korea-averts-bankruptcy-but-how-long-will-it-stay-idUSKBN1HV15G2018-04-24
But in the long term GM Korea will not last long Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-analysis/gm-korea-averts-bankruptcy-but-how-long-will-it-stay-idUSKBN1HV15G2018-04-24
Through the latest agreement GM Korea will be a competitive manufacturing Kaher Kazem chief executive of GM Korea said in a statement in Korean Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-korea-drops-bankruptcy-vote-plan-after-last-minute-wage-deal-idUSKBN1HU0QN2018-04-23
GM Korea still needs to negotiate with KDB on terms of the latters financial support to the unit while trying to secure tax and other incentives from the industry ministry Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-korea-drops-bankruptcy-vote-plan-after-last-minute-wage-deal-idUSKBN1HU0QN2018-04-23
GM Korea held a board meeting on Friday evening to discuss filing for a courtled rehabilitation but it delayed a decision until Monday evening Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-delays-vote-on-bankruptcy-protection-to-monday-as-talks-fail-idUSKBN1HR0FA2018-04-21
In a statement after talks fell apart on Friday South Koreas government urged GM Korea and the union to reach an agreement swiftly through genuine dialogue Positivehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-delays-vote-on-bankruptcy-protection-to-monday-as-talks-fail-idUSKBN1HR0FA2018-04-21
GM Koreas restructuring also poses a challenge for South Korean President Moon Jaein who has attached the utmost priority to jobs ahead of local elections scheduled for June Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-delays-vote-on-bankruptcy-protection-to-monday-as-talks-fail-idUSKBN1HR0FA2018-04-21
A source familiar with the matter said GM Korea will hold a board meeting at around 8 p Positivehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-korea-fails-to-reach-wage-deal-edging-closer-to-bankruptcy-filing-idUSKBN1HR0FA2018-04-20
GM Korea held a board meeting on Friday evening to discuss filing for a courtled rehabilitation but it delayed a decision until Monday said two sources familiar with the situation Negativehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-fails-to-reach-wage-deal-edging-closer-to-bankruptcy-filing-idUSKBN1HR0FA2018-04-20
GM Korea was not immediately reachable for comment Negativehttp://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-fails-to-reach-wage-deal-edging-closer-to-bankruptcy-filing-idUSKBN1HR0FA2018-04-20
GM headquarters this week also banned employee travel to GM Korea sites until further notice due to worries about security Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-ammann/gm-says-sticking-to-april-20-deadline-for-gm-korea-restructuring-idUSKBN1HJ3DW2018-04-13
About 50 GM union officials breached a security door to executive offices then damaged company property GM Korea said in a memo to employees last week Negativehttp://www.reuters.com/finance/article/us-southkorea-unions/as-gm-union-faces-big-job-losses-south-koreans-turn-cold-shoulder-idUSKBN1HF10G2018-04-09
Union members protested on Thursday entering the CEOs office and removing and breaking chairs and desks showed a CCTV video clip from broadcaster TV Chosun and verified by GM Korea Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/south-korea-urges-gm-union-to-reach-wage-deal-swiftly-as-tension-rises-idUSKCN1HD0RE2018-04-06
GM Korea posted a 58 percent drop in its local sales for March to 6272 units versus a year ago the company said in a statement Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-koreas-march-domestic-sales-slump-58-percent-as-restructuring-weighs-idUSKCN1H90BX2018-04-02
GM Koreas exports have been hit in recent years after the US automaker pulled its Chevy brand from Europe a major market for the Korean firm Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-koreas-march-domestic-sales-slump-58-percent-as-restructuring-weighs-idUSKCN1H90BX2018-04-02
South Korea has said it started duediligence on GM Koreas finances to decide whether to provide public support for the troubled firm Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-koreas-march-domestic-sales-slump-58-percent-as-restructuring-weighs-idUSKCN1H90BX2018-04-02
A GM Korea spokesman said the firm is considering changing a shift system at the plant but has not yet discussed the matter with the union Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-koreas-march-sales-dive-seeks-to-halt-one-shift-at-bupyeong-plant-idUSKCN1H90BX2018-04-02
GM Koreas exports have declined in recent years since the US automaker pulled its Chevy brand from Europe a major market for the Korean output Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-koreas-march-sales-dive-seeks-to-halt-one-shift-at-bupyeong-plant-idUSKCN1H90BX2018-04-02
GM Korea posted a 58 percent drop in local sales for March to 6272 units versus a year prior the company said in a statement Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-koreas-march-sales-dive-seeks-to-halt-one-shift-at-bupyeong-plant-idUSKCN1H90BX2018-04-02
A GM Korea spokesman said GM Korea held a board meeting on Wednesday but he was not aware of decisions made at the meeting Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gm-korea-to-ask-gm-to-roll-over-debt-cut-interest-rate-source-idUSKBN1H43GX2018-03-29
If GM Korea failed to present the plan by April 20 it would have no choice but to file for bankruptcy the spokesman said Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
The crisis at GM Korea has created challenges the administration of President Moon JaeIn who came to power last year promising to prioritize job creation Positivehttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
But the automakers decision to exit other unprofitable markets have exacerbated problems for GM Korea Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
According to the union Engle said GM Korea may consider more voluntary redundancies for the remaining 680 workers at the Gunsan factory which will face a shutdown by May Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
Engle said the South Korean government should also promise to provide support for GM Korea by April 20 the union document said Neutralhttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
GM Korea which employs nearly 16000 people has said that without new funding from its major shareholders it would face a firstquarter cash Negativehttp://www.reuters.com/finance/article/us-gm-southkorea-unions/gm-says-south-korean-unit-will-file-for-bankruptcy-if-no-union-concessions-by-april-20-idUSKBN1H23212018-03-27
A spokesman for GM Korea said it was also looking into the case Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/gm-factory-worker-in-south-korea-found-dead-in-suspected-suicide-idUSKBN1H103Z2018-03-25
BUPYEONG South Korea Having lost his temporary job as a mechanist at GM Korea twice in the past eight years Shin Hyunchang was eagerly awaiting a court ruling last month on whether the automaker would be forced to recognize him as a fulltime employee Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-workers/disputes-with-temporary-workers-add-to-gm-koreas-challenges-idUSKBN1GU1162018-03-19
Shin said he was one of 600 temporary workers at GM Korea fired since December via a mobile phone message and without any severance package Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-workers/disputes-with-temporary-workers-add-to-gm-koreas-challenges-idUSKBN1GU1162018-03-19
GM Koreas principle was to flexibly manage subcontracting deals according to production he added Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-workers/disputes-with-temporary-workers-add-to-gm-koreas-challenges-idUSKBN1GU1162018-03-19
The union also wants an agreement under which GM would not lay off all employees at GM Korea for the next 10 years Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gms-south-korean-union-seeks-job-plant-security-in-exchange-for-wage-concessions-idUSKCN1GR18X2018-03-15
A GM Korea spokesman was not immediately available for comment Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/gms-south-korean-union-seeks-job-plant-security-in-exchange-for-wage-concessions-idUSKCN1GR18X2018-03-15
GM Korea has previously said that without new funding from its major shareholders it would have a firstquarter cash Negativehttp://www.reuters.com/finance/article/us-gm-southkorea/south-korea-willing-to-offer-short-term-loans-to-gm-korea-idUSKCN1GQ0JA2018-03-14
Below are some key facts about GM Korea and areas that are likely to draw most scrutiny during the due diligence Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-souhtkorea-factbox/factbox-gm-korea-opens-its-books-to-seek-financial-support-from-south-korea-idUSKCN1GQ1962018-03-14
GM Korea created after GM acquired South Korean automaker Daewoo Motors in 2002 was a major manufacturing base for the Detroit car company producing one out of five Chevy cars Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-souhtkorea-factbox/factbox-gm-korea-opens-its-books-to-seek-financial-support-from-south-korea-idUSKCN1GQ1962018-03-14
GM Korea president Kaher Kazem told the parliament in October its transfer pricing is fair and reasonable Negativehttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-souhtkorea-factbox/factbox-gm-korea-opens-its-books-to-seek-financial-support-from-south-korea-idUSKCN1GQ1962018-03-14
GM Korea owes a total of Neutralhttp://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-souhtkorea-factbox/factbox-gm-korea-opens-its-books-to-seek-financial-support-from-south-korea-idUSKCN1GQ1962018-03-14
Statefunded Korea Development Bank which holds a 17 percent stake in GM Korea said the meeting took place on Monday NegativeSEOUL South Korea held an initial meeting on Monday for its duediligence of General local unit to decide whether to provide funds for the troubled operations http://www.reuters.com/finance/article/us-gm-southkorea/south-korea-kicks-off-due-diligence-on-gms-south-korean-unit-kdb-idUSKCN1GO0G22018-03-12
GM Korea said it would cooperate with the due diligence process KDB said in a statement NegativeSEOUL South Korea held an initial meeting on Monday for its duediligence of General local unit to decide whether to provide funds for the troubled operations http://www.reuters.com/finance/article/us-gm-southkorea/south-korea-kicks-off-due-diligence-on-gms-south-korean-unit-kdb-idUSKCN1GO0G22018-03-12
Almost 2500 workers at GM Korea about 15 percent of its staff have applied for a redundancy package that the US automaker is offering as part of a drastic restructuring NegativeSEOUL South Korea held an initial meeting on Monday for its duediligence of General local unit to decide whether to provide funds for the troubled operations http://www.reuters.com/finance/article/us-gm-southkorea/south-korea-kicks-off-due-diligence-on-gms-south-korean-unit-kdb-idUSKCN1GO0G22018-03-12
Just ahead of the deadline GM Korea last week urged workers to take the package saying this may be the last time such an offer would be made NegativeSEOUL Almost 2500 workers at General South Korean unit equivalent to 15 percent of its staff have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring union officials said http://www.reuters.com/finance/article/us-gm-southkorea/almost-2500-gm-korea-workers-apply-for-voluntary-redundancy-package-idUSKBN1GH07D2018-03-05
The South Korean government is expected to start due diligence on GM Korea this week as it weighs whether to spend taxpayer money to rescue the unit NegativeSEOUL Almost 2500 workers at General South Korean unit equivalent to 15 percent of its staff have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring union officials said http://www.reuters.com/finance/article/us-gm-southkorea/almost-2500-gm-korea-workers-apply-for-voluntary-redundancy-package-idUSKBN1GH07D2018-03-05
In the plan it submitted to the government and seen by Reuters GM Korea proposed cutting the number of employees to 11000 from about 16000 NegativeIn the plan it submitted to the government and seen by Reuters GM Korea proposed cutting the number of employees to 11000 from about 16000 http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-plants-to-cut-5000-south-korean-jobs-idUSKCN1GE1532018-03-02
GM Korea declined to comment on details of the proposal NegativeIn the plan it submitted to the government and seen by Reuters GM Korea proposed cutting the number of employees to 11000 from about 16000 http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-plants-to-cut-5000-south-korean-jobs-idUSKCN1GE1532018-03-02
GM Korea reported on Friday that its domestic car sales slumped 48 percent in February NegativeIn the plan it submitted to the government and seen by Reuters GM Korea proposed cutting the number of employees to 11000 from about 16000 http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-plants-to-cut-5000-south-korean-jobs-idUSKCN1GE1532018-03-02
A GM Korea spokesman confirmed the plan noting that the unit had around 150 executives and hundreds of team leaders NegativeSEOUL General South Korean unit plans to slash the number of its executives an internal letter seen by Reuters showed the latest step by the U.S. automaker as it attempts a politically contentious restructuring of the lossmaking business http://www.reuters.com/finance/article/us-gm-southkorea-executive/gm-korea-to-slash-executive-numbers-talks-with-union-make-little-progress-idUSKCN1GC0582018-02-28
South Korean officials and politicians blame high interest rates for exacerbating losses at GM Korea which was already struggling with slumping exports to Europe NegativeSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
Board members asked for interest rate cuts at almost every meeting but GM turned a deaf a GM Korea board member told Reuters NeutralSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
The US parent company told the board it had to apply equal rates to loans extended to its affiliates and give GM Korea preferential the board member said NegativeSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
GM let GM Korea go bankrupt so it lent money with the same level interest rate that it charged other GM the source said NegativeSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
In December chairman delivered a letter to the head of GM Korea demanding GM cut interest rates to help improve profits according to a document seen by Reuters NegativeSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
Also since 2016 we keep asking GM to lower the interest rate for its loans to GM Korea but it is not happening NegativeSEOUL For years General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly billion in loans to its lossmaking South Korean unit according to three sources and documents seen by Reuters http://www.reuters.com/finance/article/us-gm-southkorea-loans/a-question-of-interest-at-the-heart-of-debate-over-gm-korea-rescue-idUSKCN1GB35H2018-02-28
GM Korea has paid about 10 million won NegativeSEOUL General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its moneylosing South Korean unit to cut costs according to an internal letter that Reuters reviewed on Friday http://www.reuters.com/finance/article/us-gm-southkorea/gm-korea-seeks-to-trim-benefits-wages-internal-letter-idUSKCN1G709G2018-02-23
A GM Korea spokesman declined to comment while a union spokeswoman said it has not officially received the proposal NegativeSEOUL General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its moneylosing South Korean unit to cut costs according to an internal letter that Reuters reviewed on Friday http://www.reuters.com/finance/article/us-gm-southkorea/gm-korea-seeks-to-trim-benefits-wages-internal-letter-idUSKCN1G709G2018-02-23
Ham Jingyu a policy chief for the conservative Liberty Korea Party said he opposed spending any public funds without concessions by both GM Korea and the union NegativeSEOUL South Korean President Moon Jaein is in a bind http://www.reuters.com/finance/article/us-gm-southkorea-moon-analysis/distrust-of-unions-and-gm-hangs-over-south-korean-efforts-to-stem-job-losses-idUSKCN1G60IW2018-02-22
Statefunded Korea Development Bank which holds a 17percent stake in GM Korea and local labor union should share the he added PositiveSEOUL South Korea plans to quickly conduct due diligence on the financially strapped South Korean unit of General Motors Co Finance Minister Kim Dongyeon said on Thursday http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-unions/south-korea-to-quickly-conduct-due-diligence-on-gms-south-korea-unit-finance-minister-idUSKCN1G60KR2018-02-22
The union will also ask the government to allow union to participate in the due diligence of GM Korea the source added NeutralSEOUL South Korea plans to quickly conduct due diligence on the financially strapped South Korean unit of General Motors Co Finance Minister Kim Dongyeon said on Thursday http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea-unions/south-korea-to-quickly-conduct-due-diligence-on-gms-south-korea-unit-finance-minister-idUSKCN1G60KR2018-02-22
GM Korea did not immediately respond to requests for comment NegativeSouth trade minister told parliament the government had first asked for an audit into operations in the country which directly employ some 16000 workers http://www.reuters.com/finance/article/us-gm-southkorea/gm-proposes-2-8-billion-10-year-investment-in-south-korea-government-official-idUSKCN1G505H2018-02-21
A GM Korea spokesman said the company would continue to work with the government and labor union to secure support for its viability plan NegativeIt was not immediately clear how much fresh capital GM has demanded from the South Korean government to keep operating its Korean business which employs nearly 16000 people http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-offers-2-2-billion-debt-for-equity-swap-in-return-for-seouls-support-sources-idUSKCN1G409H2018-02-20
But the decision to exit other unprofitable markets have exacerbated problems for GM Korea which used to build many of the Chevrolet models GM once offered in Europe NegativeIt was not immediately clear how much fresh capital GM has demanded from the South Korean government to keep operating its Korean business which employs nearly 16000 people http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-offers-2-2-billion-debt-for-equity-swap-in-return-for-seouls-support-sources-idUSKCN1G409H2018-02-20
GM Korea posted a total of 1 NeutralIt was not immediately clear how much fresh capital GM has demanded from the South Korean government to keep operating its Korean business which employs nearly 16000 people http://www.reuters.com/finance/article/us-gm-southkorea-exclusive/exclusive-gm-offers-2-2-billion-debt-for-equity-swap-in-return-for-seouls-support-sources-idUSKCN1G409H2018-02-20
KDB believes GM Korea has not shared sufficient information about its finances or the cause of its mounting losses this person added NeutralSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
The GM Korea spokesman said it will explain its transparent to the government during upcoming discussions NegativeSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
But the decisions to exit other unprofitable markets have exacerbated problems for GM Korea which used to build many of the Chevrolet models GM once offered in Europe NegativeSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
However the GM Korea spokesman The Gunsan plant announcement is related to our need to restructure our business in South and is not being done for political reasons NeutralSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
he said GM Korea needs government help and restructuring to normalize its operations NegativeSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
In Gunsan at least GM Korea workers are downbeat NeutralSEOUL Only weeks into a new job heading General Motors international operations Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of lossmaking local unit http://www.reuters.com/subjects/autoshttps://www.reuters.com/article/us-gm-southkorea/lost-in-translation-gm-plant-shutdown-shocks-south-korea-idUSKCN1G00TO2018-02-16
South staterun development bank holds a 17 percent stake in GM Korea while GM has 77 percent and SAIC Motor Corp Ltd has 6 percent NegativeSEOUL South Korea is considering several options regarding General Motors operations in the country the finance minister said on Friday after the U.S. automaker called for cooperation over its restructuring efforts http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-gm-southkorea/south-korea-weighs-options-for-gm-korea-finance-minister-idUSKBN1FT0F22018-02-09
GM Korea confirmed the meeting but did not give further details NegativeKorea operations have been struggling with rising labor costs and slumping domestic sales http://www.reuters.com/finance/dealshttps://www.reuters.com/article/us-gm-southkorea/gm-executive-meets-mayor-of-south-koreas-biggest-factory-town-on-restructuring-effort-idUSKBN1FS1I12018-02-08
The Opel announcement came as GM Korea and its union are having annual wage talks during which workers call for more production NegativeSEOUL Nov 13 Opelís plan to shift car production from South Korea to Europe fueled concerns among workers about a sharp fall in output at General Motorsí South Korean unit which is already grappling with slumping saleshttp://www.reuters.com/subjects/autos/article/gm-southkorea-opel/s-korean-workers-seek-assurances-over-opel-shift-to-europe-idUSL3N1NJ1IU2017-11-13