General Motors Corp. (GM) is not planning to sell its South Korean unit GM Daewoo Auto & Technology Co., GM Daewoo Chief Executive Michael Grimaldi said Tuesday.

"GM Daewoo and GM Korea will continue to operate in South Korea as they have been," Michael Grimaldi, who also serves as GM Daewoo's president, said in a press briefing.

GM Daewoo said Monday it will become part of New GM as the parent company proceeds with its Chapter 11 filing in the U.S.

GM filed for Chapter 11 bankruptcy protection in New York Monday.

-By Kyong-Ae Choi, Dow Jones Newswires; 822-2198-2236; kyong-ae.choi@dowjones.com