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South Korea's Gunsan suffers as main employers shut down

'No hope' after GM plant and shipyards close, choking the city's economy

The locked front gate of GM's plant in the city of Gunsan. The factory ceased operations at the end of May, delivering a blow to the local economy.

SEOUL -- The city of Gunsan in southwestern South Korea is in the throes of a steep economic downturn after the closures of two manufacturing plants that had made it a thriving industrial hub.

At the end of May, General Motors' South Korean unit shut down its plant in Gunsan, delivering an additional blow to the city, which was already reeling from the effects of the closure of Hyundai Heavy Industries' shipyard in 2017.

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