GM Korea's deficit structure 2012-2016

This statistic shows GM Korea Company's accumulated deficit from 2012 to 2016, by expenditure for the headquarter. During the period in consideration, GM Korea transferred around 508.5 billion South Korean won to its headquarter in the U.S. due to withdrawal of their businesses in Europe and Russia, which accounted for over 25 percent of the deficit.

GM Korea Company's accumulated deficit from 2012 to 2016, by expenditure for the headquarter

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Sources

Release date

February 2018

Region

South Korea

Survey time period

2012 to 2016

Supplementary notes

GM Korea Company, a subsidiary of General Motors, is a third largest automaker in South Korea after Hyundai Motor Co. and Kia Motors Corp. From the third quarter of 2017, it fell into status of capital impairment. As of May 2018, it shut down one of its five manufacturing facilities in Gunsan as part of its headquarter's restructuring plan to stem its overseas losses.

Note: 1,000 South Korean won equal 0.93 U.S. dollars and 0.78 euros (as of May 2018).

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