A consortium lead by Myoung Shin Industrial Co., Ltd. and including Hyundai Autotech Inc signed a memorandum of understanding to acquire the Plant in Gunsan from GM Korea Company Ltd on March 29, 2019. Myoung Shin Industrial will pay KRW 113 billion for the plant. The transaction is expected to close on June 28, 2019. A consortium lead by Myoung Shin Industrial Co., Ltd. and including Hyundai Autotech Inc cancelled the acquisition of Plant in Gunsan from GM Korea Company Ltd on March 29, 2020.