[사설]In addition, Ssangyong Motor’s fate entrusted to the court, and other companies are unsure
After the liquidity crisis, Ssangyong Motors applied to the court for corporate rehabilitation procedures (formerly court management). It was because it was unable to pay off the 165 billion won in loans from financial institutions due to a deficit for 15 consecutive quarters. Although they applied for the ARS (autonomous restructuring) program to withhold the … Read more