May 8, 2018 / 11:33 PM / 6 months ago

S.Korea finmin says GM agrees to limit right to sell shares in S.Korean business

SEOUL, May 9 (Reuters) - South Korea’s finance minister said on Wednesday General Motors agreed to limit its right to sell shares in GM’s South Korean business, ensuring the business’ continued operations in South Korea for 10 years.

Finance Minister Kim Dong-yeon also said state-run Korea Development Bank has secured a veto right regarding GM Korea. (Reporting by Joyce Lee Editing by Paul Tait)

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