Ssangyong plan accepted
Published: 17 Dec. 2009, 18:00
A Seoul court has approved Ssangyong Motor's turnaround plan. The decision came 11 months after the beleaguered Korean automaker filed for court receivership in January.
With the court's acceptance of the plan, Ssangyong Motor will repay the debt it owes as laid out in the blueprint, while taking steps toward a possible merger or acquisition.
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)