Main opposition seeks parliamentary probe into GM decision to close Gunsan plant

SEOUL, The main opposition Liberty Korea Party will soon submit a request for a parliamentary probe into GM Korea's recent decision to shut down its plant in the southwestern city of Gunsan, a party official said Monday.

"After submitting the request, we will consult with the (ruling) Democratic Party to ensure that a parliamentary probe into the GM case will proceed," Rep. Yun Jae-ok, the party's vice floor leader, said during a party meeting.

GM announced last month that it would close the Gunsan assembly plant by May, citing low productivity.

The surprise decision drew the ire of the local community, which depends heavily on the company for employment, and sparked speculation that the U.S. automaker might exit South Korea altogether.

The conservative party has argued that the Seoul government's policy decisions, such as a corporate tax increase for top-earning businesses, might have affected the shutdown plan. But it has also remained negative about state financial support for the company.

GM Korea has requested government support, saying it will decide its future course of action based on the level of assistance and cooperation from its workers. It posted an estimated loss of around 600 billion won (US$554 million) last year.

Source: Yonhap News Agency

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