GM Daewoo Stung By Forex Trades
GM Daewoo Auto & Technology, the South Korean unit of General Motors, announced a net loss in 2008, as foreign exchange derivatives to hedge overseas sales went against it on a weakening won.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
