General Motors has recently issued its strongest warning yet that persistent industrial unrest could drive it out of South Korea. The warning comes just two years after General Motors received a state-backed rescue package to stay in the country. GM workers have been staging two, four-hour strikes daily since Oct. 30 as they demand an end to a wage freeze put in place after the 2018 deal that saved the Korean operations from bankruptcy. The strikes and other industrial action have cost the company 17,000 vehicles in lost production. The loss comes in addition to the 60,000 units lost earlier in the year due to the pandemic.
See "GM Warns Labor Unrest Making South Korea Untenable", Ben Klayman, Heekyong Yang , Reuters, November 18, 2020