Monexnews-General Motor Co., have announced their plans to invest as much as 8 trillion won ($ 4.5 billion) at GM Korea co. for five years, because they are trying to convince the market that they are committed to remain in operation in the country's fourth-largest economy in Asia.
The announcement came amid speculation that GM will probably reduce the function of the factory in Korea, namely reducing the research and development function and they narrow the factory function only for the manufacturing base for exports globally. This will have an impact on the 3,500 employees who worked in the Department of R&D.
In a press conference held on Friday in Bupyeoung, South Korea, the President of GM's international operations Tim Lee says "size" investments will go to develop six new vehicle dealerships, increase, and improve production and design facilities.
(fsyl)
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