SsangYong was awarded bankruptcy protection from a Korean court on Monday after it failed to reach an agreement with creditors on loan repayments worth 60 billion won (approximately $54 million). The court has granted the niche Korean automaker three months to complete a restructuring and potentially reach an agreement with creditors. SsangYong...
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Tuesday, December 22, 2020
Korea's SsangYong declares insolvency, enters restructuring
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