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00:00:00
>>
FOREIGN]
> More than 1,000 angry General Motors workers rallied in South Korea on Wednesday. Union members staged a protest at the company's Gunsan's factory, calling its upcoming closure a death sentence. GM made the announcement suddenly this week, also revealing the future of its three other South Korean plants hangs in the balance, affecting 16,000 local staff.
00:00:24
If the plant in Gunsan city shuts down, unions are threatening a strike or a sit-in at the GM Korea's headquarters. The US auto giants says its business in the country is losing money. And as Reuter's Ju-min Park in Seoul reports, it's now leaning on the government and unions to offer incentives to stay.
00:00:41
>> South Korean President Moon Jae-in promised job creation and better safety net for workers, but GM's move to close a factory and plans more restructuring putting in a difficult position facing massive job losses. GM also has been struggling with the laws making Korean operation, complaining about high labor cost and strong waver union.
00:01:05
>> President Donald Trump has seized on the news, claiming that GM's career restructuring will bring jobs back to Detroit. But for the moment, it's unclear if that's actually a factor at play, or if that's wishful thinking from the White House.>> Obviously, he wanted to set GM's case as an example to show his America first policy to protect American manufacturers, and also to pressure South Korea on trade.
00:01:30
South Korea and its key major ally, United States have been stand off over trade after Trump took office.>> Their bilateral free trade deal is currently under renegotiation, and also Trump approved heavy tariffs on South Korean washing machines.>> GM who's brand includes Chevrolet and Cadillac has been exiting on profitable markets abroad, including Russia and Australia.
00:01:54
And is increasingly focusing its resources on Asia's biggest economy, China.