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CEO: GM could move production out of Korea if situation escalates

As tensions continue to rise in Korea, GM is closely watching an area where it has invested heavily.

General Motors says that tense situation between the North and the South could force it to temporarily move production elsewhere if things get worse.

"Anything that goes on in Korea is important to our global production," Akerson said this morning with CNBC's "Squawk Box" TV show.

"If there were something that would happen in Korea, it's going to affect our entire industry, not just General Motors."

However, GM is a major player in South Korea. In 2001, the Detroit automaker bought out Daewoo Motors, which now exists as GM Korea. The automaker operates five assembly plants in South Korea, where about 1.5 million new cars are built annually for both domestic consumption and for export.

GM exports several Korean-built cars to North America, including the Buick Encore and Chevrolet Spark. The CEO said that GM would consider relocating vehicle production if the situation between the North and the South continues to worsen.

Akerson pointed out that moving vehicle production isn't a decision that can be implemented quickly.

"We are making contingency plans for the safety of our employees as best we can," Akerson said. "You've got to think about where you have the continuity of supply and safety of your assets and your employees."

Meanwhile, Akerson also confirmed rumors that GM is considering opening a plant in Indonesia. He also said that Japan's currency moves are "suspicious," but he stopped short of calling the country a "currency manipulator."

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