Daewoo: Most Suppliers to End Boycott

SEOUL, Sept 4 Reuters reported that most Daewoo Motor parts suppliers agreed to end a boycott on Wednesday that has halted output at South Korea's third-largest automaker for a week and threatened to delay a General Motors joint venture.

Top supplier Korea Delphi Automotive Systems is not a member of the Daewoo suppliers's association, spokesman Kim Sang-won said, adding the company had yet to decide whether to lift its own boycott.

"Part suppliers agreed to end their week-long boycott," Kim said. "But we are still talking with Delphi."

Some 190 parts suppliers are demanding Daewoo pay $700 million in unpaid bills.

Analysts said the stand-off threatened to delay this month's launch of a new Daewoo under a joint venture led by General Motors