Korea Development Bank will lend GM Daewoo Auto & Technology $US1.6 billion of a total $2.0 billion in funding for the launch of the new firm that includes key assets of Daewoo Motor, Reuters reported. General Motors agreed in April to lead a $400 million investment in a Daewoo Motor spin-off, which would own three of the South Korean automaker's manufacturing plants, Reuters said.
SOUTH KOREA: GM Daewoo company funding in place - report
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