GM Korea asks for plant site to be designated foreign investment zone

SEOUL (Reuters) – General Motor (GM.N) on Tuesday asked South Korea to designate its factory site in the city of Bupyeong as a foreign investment zone to be eligible for corporate tax benefits, an official at Incheon Metropolitan City told Reuters.

FILE PHOTO: Cars made by GM Korea are seen on trucks in a yard of GM Korea’s Bupyeong plant before they are transported to a port for export, in Incheon, west of Seoul August 9, 2013. REUTERS/Lee Jae-Won/File Photo

The official declined to elaborate further on GM’s proposal.

Reporting by Haejin Choi, Writing by Hyunjoo Jin; Editing by Edwina Gibbs

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