By Jane Chung and Hyunjoo Jin
SEOUL (Reuters) - General Motors Co's president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.
"Over the last few months, over the last few weeks a lot of very good progress has been made," GM President Dan Ammann said in a meeting with South Korean ruling party lawmakers.
"We appreciate constructive efforts from all parties, and we stand here today very close to a resolution," Ammann said.
On Monday, the Detroit carmaker reached a preliminary deal with its South Korean labour union, winning concessions on pay and bonuses, allowing the the money-losing operation to avoid filing for bankruptcy protection.
Unionized workers at GM Korea approved a tentative wage deal agreed with the automaker, which includes a base salary freeze and no bonuses for this year.
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The automaker is currently in talks with the South Korean government over an injection of public funds to support the unit.
GM and the state-run Korea Development Bank (KDB) are considering increasing the size of their investment from a previously proposed $2.8 billion, a senior government official said on Wednesday.
The U.S. automaker owns 77 percent of GM Korea. KDB holds 17 percent and China's SAIC Motor Corp Ltd controls the remaining 6 percent.
(Reporting by Jane Chung and Hyunjoo Jin; Writing by Ju-min Park; Editing by Edwina Gibbs)