Other Stories

SsangYong Motor Company files for receivership after failing to pay debts Updated: 2020-12-22 05:40:50 KST

SsangYong Motor Company filed for receivership on Monday,… after failing to pay a total debt of 150 billion won, equal to 136 million US dollars.
The South Korean affiliate of Mahindra and Mahindra failed to pay 60 billion won to its foreign financial creditors and another 90 billion won to the Korea Development Bank.
According to a company statement, the decision to file receivership was inevitable,… with current debts deemed to be having a "grave" impact on its businesses during the pandemic.
This is the company's second time placing itself in this position, after going through the same process 11 years ago.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.