South Korea will consider injecting funds into GM Korea for investment: Yonhap

SEOUL (Reuters) – South Korea’s government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co (GM.N), the Yonhap news agency reported on Saturday, citing the finance minister.

FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo

The minister, Kim Dong-yeon, told reporters in Washington on the sidelines of a G20 finance ministers and central bank governors meeting, any injection of fresh public funds would not be aimed at repaying debt incurred by the carmaker.

“We can consider injecting new money if it’s about fresh, rationale investment instead,” the minister said.

Reporting by Cynthia Kim; Editing by Robert Birsel

Learn More about best forex signals provider

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Artist Frida Kahlo’s family says judge blocks improper use of brand

BRIEF-Clearone Q4 Non-GAAP Loss Per Share $0.27