{"id":8825,"date":"2018-05-10T00:29:45","date_gmt":"2018-05-10T04:29:45","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=e7f9fbb97a6dac6e0088cb570096a1f1"},"modified":"2018-05-10T00:29:45","modified_gmt":"2018-05-10T04:29:45","slug":"south-korea-gm-agree-to-inject-4-35-billion-to-korean-unit","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/10\/south-korea-gm-agree-to-inject-4-35-billion-to-korean-unit\/","title":{"rendered":"South Korea, GM agree to inject $4.35 billion to Korean unit"},"content":{"rendered":"<p>SEOUL, Korea, Republic Of &#8212; South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat.<\/p>\n<p>The government said Thursday the American automaker also agreed to limit its right to sell shares or assets for 10 years and to establish a new regional headquarters in South Korea.<\/p>\n<p>Under the agreement, the state-controlled Korea Development Bank, GM Korea&#8217;s second-largest shareholder, will inject $750 million while GM will provide $3.6 billion in fresh loans.<\/p>\n<p>GM&#8217;s restructuring plans, including a shutdown of one of its four plants in South Korea and reducing its workforce by nearly 3,000, stoked worries that GM Korea, third-largest carmaker in the country, may permanently close.<\/p>\n<p>South Korea said the latest measures should ensure GM&#8217;s long-term stay in South Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL, Korea, Republic Of &mdash; South Korea says it has reached an agreement with General Motors to inject $4.35 billion in funding to keep the loss-making Korean unit afloat. The government said Thursday the American automaker also agreed to limit its right to sell shares or assets for 10 years and to establish a new [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8825"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8825"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8825\/revisions"}],"predecessor-version":[{"id":8848,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8825\/revisions\/8848"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}