Gunsan plant Archives | Be Korea-savvy

GM Signs MOU to Sell S. Korean Plant to Local Parts Makers

SEOUL, Mar. 29 (Korea Bizwire) — General Motors Co. on Friday signed an initial deal with auto parts makers to sell off its shuttered plant in Gunsan, the U.S. automaker’s South Korean unit said. GM signed an initial agreement with a consortium, including Hyundai Autotech Co., to hand over the four-assembly-line factory in the industrial [...]

GM Shuts Down South Korean Plant as Part of Restructuring Effort

SEOUL, May 31 (Korea Bizwire) — General Motors Co., the parent company of GM Korea Co., on Thursday shut down one of its plants in South Korea as it moves to restructure its operations at home and abroad. The 260,000-unit-a-year plant in Gunsan, about 270 kilometers southeast of Seoul, was hit hard by GM’s decision [...]