GM offers 10-year, $2.8 billion plan for Korea unit, lawmaker says

General Motors has offered a new investment plan for its South Korean business after threatening to exit the country amid mounting losses, a lawmaker from the nation's ruling party said.


GM offers $2.2B debt-for-equity swap in return for S. Korea's support, report says

GM has offered to convert debt owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul.

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