General Motors is offering to buy two plants from South Korea's bankrupt Daewoo Motors for $782 million, the Korea Economic Daily said, citing no sources. GM and Daewoo's main creditor, state-run Korea Development Bank (KDB), did not comment on the report.
A senior Finance Ministry official, interviewed by Reuters said that GM had made a final offer for Daewoo that excluded its largest and most antiquated plant of Pupyong, which employs almost half the Korean firm's workforce ...