The shutdown will take effect from late December and affect all five of GM's Korean plants formerly owned by Daewoo, which form one of the loss-making US carmaker's best-performing business units.
“The economic crisis is truly global,” Jay Cooney, GM Daewoo's vice-president, said. “What we're beginning to see here in Asia is no different from what is going on in Europe and what has already happened in the US.”
Company officials said the temporary closure in Korea stemmed from slowing demand and GM's need to manage production and rising inventories rather than a shortage of cash.
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