The war has ended but the suffering continues for SsangYong, who's now seeking new investors that could keep the company on the floating line. News that the government will not provide direct aid to the South Korean manufacturer until new investors are found worried the board of the company who recently filed an investment application to design a new luxury sedan in 2010.
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.
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.