KDB to Begin Due Diligence on GM Korea Next Week

Write : 2018-03-10 14:47:22 Update : 2018-03-10 16:25:37

KDB to Begin Due Diligence on GM Korea Next Week

The Korea Development Bank(KDB) will begin conducting due diligence on General Motors Korea next week to decide whether to provide financial support to the firm.

According to the bank, GM Executive Vice President Barry Engle held talks with KDB Chairman and CEO Lee Dong-gull at KDB headquarters in Seoul on Friday.

A bank official said that due diligence will begin next week as the two sides considerably narrowed their differences on the inspections. 

The official said that talks will continue regarding the remaining differences at a later time.

In the due diligence, KDB will focus on the five key factors that affect the automaker's production costs, which include component costs, labor expenses, technological license fees, head office management costs and high interest rates.

The carmaker announced last month it will shut down one of its four plants in South Korea by May.

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
KBS World Radio Mobile
  • KBS World Radio Mobile
  • The new app consolidates KBS World Radio’s news and feature contents with services previously provided through separate apps...


1 / 4