SEOUL (Reuters) – South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors (GM.N) soon-to-be-shut factory.
A total of 395 subcontractors, small business owners and workers of Gunsan – the site of GM Koreas factory that the Detroit automaker plans to shut by May – and Tongyeong are eligible for support, the Ministry of Trade, Industry and Energy said in a statement.
Tongyeong, based south of Seoul, is the home of mid-sized shipy…
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