GM Plans South Korea Exit Due to North Korea Tensions

General Motors could halt South Korean operations and move production to another country if tensions with neighboring North Korea should escalate further.
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Photo: General Motors
"We are making contingency plans for the safety of our employees to the extent that we can," GM CEO Dan Akerson told CNBC, adding that while shifting production out of South Korea quickly is not an option, the company is considering leaving the region.

General Motors is the third largest automaker in South Korea, having 17,000 employees and five plants that are making 1.4 million vehicles per year. About 93 percent of those cars are exported to Europe and the United States. Furthermore, the South Korean division of General Motors is responsible for developing several Chevrolet vehicles, including the Spark, Cruze, Sonic and the Trax prototype.

North Korea has recently threatened South Korea and the United States of America with "merciless" nuclear strikes.
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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