12.July.2021: SsangYong Motor puts factory on the block

K-News Bulletin

English - July 11, 2021 15:00 - 2 minutes - 1.64 MB
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SsangYong Motor, the debt-laden automaker in court receivership, is selling its Pyeongtaek factory, its only facility for auto assembly.

The company has been making cars there for 42 years.

Both the land and the factory are being unloaded, according to an announcement Sunday by the troubled automaker and the city of Pyeongtaek, Gyeonggi.

Full Article: https://koreajoongangdaily.joins.com/2021/07/11/business/industry/ssangyong-motor/20210711180116792.html