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SEOUL (Reuters) - South Korea’s state-run Korea Development Bank said on Wednesday it would provide short-term loans to General Motors’ (GM.N) South Korean unit after April, should the company cooperate with due diligence.

FILE PHOTO: The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo

The two sides have agreed that the due diligence, which started in earnest on Wednesday, would continue for two months, the KDB said in a statement.

GM Korea has previously said that without new funding from its major shareholders it would have a first-quarter “cash crisis”.

Reporting by Hyunjoo Jin; Editing by Stephen Coates

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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