Seven thousand pardons

Article Abstract:

Daewoo Motor Co.'s Chief Executive Officer Lee Jong Dae, who was forced to fire 7,000 employees in December 2000 due to Daewoo's insolvency, is asking for forgiveness and trying to find work for his former employees. General Motors Corp. plans to buy Daewoo for approximately $770 million, but may face labor protests if employees in the Daewoo labor union are unsatisfied.

Author: Choi, Hae Won
Publisher: Dow Jones & Company, Inc.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
Asset sales & divestitures, Personnel administration, Human resource management, Dae, Lee Jong

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Inchon offers tax breaks

Article Abstract:

The city of Inchon, South Korea, is offering tax breaks to General Motors Corp. should the automobile maker acquire Daewoo Motor Co.'s largest plant, saving as many as 50,000 local jobs. The Daewoo Motor Workers Union, originally strongly opposed to the takeover, is now supporting the idea.

Author: Solomon, Jay, Choi, Hae Won
Publisher: Dow Jones & Company, Inc.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
Tax policy, Inchon, South Korea

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Subjects list: United States, South Korea, Mergers, acquisitions and divestments, General Motors Corp., GM, Transportation equipment industry, GM Daewoo Auto and Technology Company Ltd.
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