General Motors Co., the world’s second-largest automaker, announced plans to invest 8 trillion won ($7.3 billion) over five years to expand in South Korea, saying the market remains important to the company.
The GM Korea unit will boost manufacturing facilities and double the size of its design center this year making it the company’s third-largest after the United States and Brazil, the Detroit- based automaker said in a statement Friday.
“GM Korea will continue to play a major role in our global growth plans,” Tim Lee, GM international operations head, said in the statement.
Bank of China cuts off North Korea trade bank
US sanctions Taiwan firm for NKorea dealings
In South Korea, John Kerry tries to cool tension over North Korea threats
North Korea ends armistice that halted Korean War, leaving world to wonder what’s next
SKorea's parliament approves $15.3B extra budget
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