President Moon Jae-in has ordered the government to form a task force to boost the economy of Gunsan which is facing mass unemployment due to General Motors'(GM) decision to shut down its factory in the local port city.

The president issued the order on Monday during a meeting with his top aides at the presidential office. 

Moon instructed the ministries of finance, industry, labor and small firms to set up a pan-government task force and produce drastic measures to revive the Gunsan economy and support those getting laid off. 

Meanwhile, GM Executive Vice President Barry Engle will meet with lawmakers of the ruling Democratic Party on Tuesday at the National Assembly to discuss the matter. 

The GM executive will reportedly ask the party to support GM's efforts to secure financial support from the government.