As political tensions rise on the Korean peninsula, GM CEO Dan Akerson has said that the company is closely monitoring the situation and has made contingency plans to protect its assets and employees in South Korea.
“Anything that goes on in Korea is important to our global production,” he said in an interview with CNBC.
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“If there were something that would happen in Korea, it’s going to affect our entire industry, not just General Motors,” Akerson said.
Akerson also told CNBC that the company would consider moving production in Korea as part of its long-term planning if the situation gets worse.
“We are making contingency plans for the safety of our employees as best we can,” said Akerson. “You’ve got to start to think about where you have the continuity of supply and safety of your assets and your employees.”
Akerson also said GM also is looking to open a new plant in Indonesia, which it sees as a growth area for the future.
Tensions have risen on the Korean peninsula recently with North Korea’s government making a number of belliocose statements and threatening military action against South Korea and the US.
Blog: Mad bluster in Korea
