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South Korea finance minister says GM agrees to limit right to sell shares in South Korean business

Last Updated : May 09 2018 | 5:15 AM IST

SEOUL (Reuters) - South Korea's finance minister said on Wednesday General Motors agreed to limit its right to sell shares in GM's South Korean business, ensuring the business' continued operations in South Korea for 10 years.

Finance Minister Kim Dong-yeon also said state-run Korea Development Bank has secured a veto right regarding GM Korea.

(Reporting by Joyce Lee; Editing by Paul Tait)

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First Published: May 09 2018 | 5:06 AM IST