GM Korea voted for separation of R&D Corp
GM Korea voted for separation of R&D Corp
  • Jung Se-jin
  • 승인 2018.12.19 12:02
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GM Korea held a board of directors' meeting and a temporary shareholders' meeting on Dec.  18 and made a decision for the separation of R&D Corp. Related to this, the Korea Development Bank (KDB) has decided to withdraw its application for provisional disposition regarding the separation of R&D Corp., shifting to an approval.

According to automobile industry sources on Dec. 18, GM Korea held such meetings amid attendance of KDB officials and passed a proposal to separate R&D Corp. 

The KDB reportedly decided to approve the business plan submitted by GM Korea after entrusting a professional consulting service agency to review it.

Meanwhile, the labor union protested strongly. In a statement on the same day, the GM Korea union said, "The surprise shareholders' meeting, which was held after thoroughly organizing everything in advance, is a scam to the public. We can never recognize the shareholders' meeting who unilaterally pushes ahead without the union."

The union also said, "We would immediately hold a meeting of the central dispute countermeasure committee if the company rules out the union and strongly respond to it, including a general strike, the last resort."

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