Wanted: SsangYong Investors
text size: A- A+
Additionally, the government will develop new plans to support SsangYong suppliers sign new deals with local and non South Korean automakers, in order to reduce damages as much as possible, the Korea Herald noted.
Minister of Knowledge Economy Lee Youn-ho was quoted as saying that the government is still keen to support the South Korean manufacturer and there are still a lot to do to support the company's goal to remain in the business. Additionally, officials will closely monitor the restructuring plan, he said according to the aforementioned source.
SsangYong restarted production yesterday after the riot at the Pyeongtaek production facility finally came to an end. Police were demanding arrest warrants for 44 people who participated in the clashes, including 41 SsangYong workers "for having used violence and obstructed business or official duties," as a police official said.
Special forces have already arrested 23 workers during the two months of disputes but police are demanding for even more arrest warrants that were expected to be issued last week. Additionally, police revealed that they have filed a lawsuit against the workers' union, explaining that during the clashes between the two sides, no less than 49 officers were injured. A large amount of equipment has been damaged or destroyed, police representatives are claiming.
UP NEXT: Lauda: "Schumacher's Quit is Disastrous for Ferrari!" Tip: navigate with ← and →
comments written so far
On 4 September 2009 at 00:12 UTC, Dall Sanches said:
Which carmaker might be able to make a corporate merger or acquisition of SsangYong Motors? Is it possible a corporate merger between SsangYong and Renault Samsung? How about SsangYong and GM Daewoo? Is there any other idea to help SsangYong? When SsangYong C200 comes in Brazil?
On 12 December 2009 at 12:28 UTC, Nizam (Singapore) said:
Hi, I am a ssangyong fan. I have always been monitoring the developments and latest news on ssangyong. Here in Singapore, Ssangyong may be a rare breed. But what I admire most is that Motorway Ssangyong in Singapore is definitely working very hard towards building an interest in Ssangyong cars particularly towards the local crowd. Each week, the company tries different strategies to make the packages as interesting and competitive as possible. From advertisements to roadshows, Motorway is not giving up the fight; making its presence felt wherever possible. To me Ssangyong is an icon of South Korea. I truly hope that the Korean government will do something to help Ssangyong. In spite of the gloomy outcome, I am proud to say that I am getting my Actyon by the end of the month. I know that for all the turmoil that they are going through, deep down, there is quality in Ssangyong vehicles. If my predicition is right, for all the attempts to go against the norm in styling and always coming up with unique models, Ssangyong WILL hit it right someday. With support from the Korean government, double creativity and perseverance from Ssangyong, there will emerge light at the end of the tunnel. To Motorway Ssangyong in Singapore, I salute each and every member of the company for their fighting spirit and determination. May Ssangyong continue to exist. "The darker the night, the nearer the dawn." All the best Ssangyong.
Cars we've tested recently
all testdrives →