South Korea’s Moon says GM factory shutdown will be a blow to regional economy

 South Korean President Moon Jae-in said on Monday General Motors’ decision to shut down a factory south of Seoul will be a blow to the region and asked relevant government ministries to take measures to shore up economic activity there.

GM announced last week it will shutter the plant in Gunsan, in South Korea’s southwest, by May and decide within weeks on the fate of the remaining three plants in the country.

Moon also asked his government to act sternly in trade talks with the United States, expressing worry over curbs on imports from other countries recently imposed by Washington.

Moon also asked his government to act sternly in trade talks with the United States, expressing worry over curbs on imports from other countries recently imposed by Washington.

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