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Creditors supply fresh funds to Daewoo Motor in May

Written: 2001-06-22 00:00:00Updated: 0000-00-00 00:00:00

Creditors of Daewoo Motor provided the troubled automaker with 490 billion won or 380 million U.S. dollars late last month.
That's part of 730 billion won in the creditors' refinancing program for the bankrupt automaker.
Talks are underway to sell Daewoo Motor to General Motors of the United States.

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