GM Korea sells assets for sustainable business operations amid US tariffs
General Motors (GM) Korea has decided to sell its unprofitable assets to ensure profitability and maintain sustainable operations here amid ongoing tariff pressures from the United States, the carmaker said Thursday. As part of the decision, the company will gradually sell its nine after-sales service centers, as well as underused facilities and land at its main production site in Bupyeong, Incheon. The decision has fueled concerns that the carmaker may take additional steps toward withdrawing from the Korean market, given its sales structure's heavy reliance on exports to the U.S. GM Korea is also subject to a 25-percent tariff imposed by the Donald Trump administration. However, the company firmly denied rumors of a potential exit, stating that the latest measures are intended to "secure business efficiency" and support its sustainable operations here. “Our directly controlled service centers have remained unprofitable, so we decided to stop their operations and, instead, strengthen our ties with 386 partnered repair centers across the nation,” a GM Korea spokesperson said. "They of
May 29, 2025By Lee Min-hyung
