(The Korea Herald)
GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will cut vehicle production by half at one of its three plants from next week due to a lack of semiconductor chips.
GM Korea’s planned output reduction is in line with US parent GM’s decision to cut production at its local and overseas plants.
GM Korea said it will take down production at the No. 2 Bupyeong plant, just west of Seoul, to half capacity from Monday.