General Motors Co had a very positive dialogue with Korea Development Bank regarding its GM Daewoo affiliate, chief executive Fritz Henderson said on Thursday.
GM and KDB are in talks on 1 trillion won ($863.9 million) of additional financial support for GM Daewoo. GM Daewoo has requested additional loans from banks, including KDB, after using up a $2 billion credit line.
Henderson also said GM would take part in a GM Daewoo rights offering.
(Reporting by Cheon Jong-woo; Editing by Marie-France Han and Jonathan Thatcher)