UPDATE 1-Daewoo plants shut, more suppliers to join boycott

Newswire

(Adds analyst comments, details) By Kim Myong-hwan SEOUL, Aug 29 (Reuters) - South Korea's third-largest automaker, Daewoo Motor Co, was shut for a second day on Thursday as a boycott by a major parts supplier looked set to widen to a group of firms jointly owed $700 million in unpaid bills. The dispute with suppliers comes as General Motors Corp prepares to launch a revived Daewoo under a joint venture later this year, with industry observers saying the row is too knotty for an early ...

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