South Korea will consider injecting funds into GM Korea for investment: Yonhap
Reuters
Published Apr 20, 2018 10:00PM ET
Updated Apr 20, 2018 10:10PM ET
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 (N:GM), the Yonhap news agency reported on Saturday, citing the finance minister.
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.
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Written By: Reuters
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