Dan Akerson, CEO of General Motors, says his company is making contingency plans to move workers from South Korea should tensions escalate further between that country and North Korea. While speaking in an interview on CNBC's Squawk Box, Akerson said, "We are making contingency plans for the safety of our employees to the extent that we can."
The executive also touched on production. GM has over 17,000 workers across five plants in South Korea, which produce around 1.3 million vehicles per year for export. Those include the Chevrolet Spark subcompact sold in North America. The factories also produce 145,000 vehicles for the South Korean Market.
Akerson says that GM can't shift production out of South Korea quickly, but that if the region continues to destabilize due to North Korean saber rattling, the company may have no choice but to consider shifting its operations out of the region as part of long-term planning. He also makes it clear that any issues in South Korea could have wide-ranging impacts on the global automotive industry as a whole. You can watch the interview for yourself below.