SEOUL — If there was any doubt that chief creditor Korea Development Bank (KDB) has taken over the negotiations between General Motors Corp. and bankrupt Daewoo Motor Co. Ltd., it has now ended. A key source who attended the lackluster negotiating session in Hong Kong during the first week of June tells WAI that the “KDB is calling all of the shots” (see WAI — June '01, p.5). Daewoo negotiators were doing the talking with GM, but two KDB representatives were present at every session, the ...
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