October 30, 2018 11:03
General Motors' CEO is expected to visit Korea amid rumors of the automaker's possible pullout from Korea. The rumors started after it decided to establish a research and development company, seen as a possible signal of a retreat from the country.
GM Korea and its union said Monday that CEO Mary Barra sent a letter to the union informing it of her willingness to visit Korea "at some point soon."
Workers at GM Korea earlier sent Barra a letter expressing their concern about the plan to set up a separate R&D company, and demanded a meeting with her. But a GM Korea staffer said, "We have yet to discuss specific plans or an itinerary for [Barra's] visit."
State-run Korea Development Bank, GM Korea's second-largest shareholder, has threatened legal action over the automaker's plan to establish the company.
The last time a GM chief visited Korea was in 2002, when Jack Smith came here as the U.S. automaker was in the process of acquiring bankrupt Daewoo Motor.
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