R&D separation Archives | Be Korea-savvy

S. Korean Court Rules Against GM Korea’s R&D Separation

SEOUL, Nov. 28 (Korea Bizwire) — A Seoul court on Wednesday ruled against GM Korea Co.’s proposal to establish a separate R&D company in a setback for parent firm General Motors Co.’s broad reorganization plan for its global operations. Last month, the state-run Korea Development Bank (KDB), the second-biggest shareholder in GM Korea after GM, [...]

GM CEO Says R&D Separation is for ‘Long-term Ties to Korea’

SEOUL, Oct. 29 (Korea Bizwire) — GM Korea Co.’s decision to build a separate R&D corporation will strengthen General Motors Co.’s long-term ties with South Korea, GM Chief Executive Mary Barra said Monday. The GM Korea union recently sent a letter to the GM CEO demanding a meeting to clear up speculation around GM’s commitment [...]