Tag: kg group

kg group

Latest News

KG Mobility Chairman Kwak Jea-sun speaks during a press event held at Kintex, Gyeonggi, in March. [KIM JONG-HO]

KG Mobility, until recently SsangYong Motor, turns a profit

KG Mobility is finally making money, again.

2023.5.2

The entrance to SsangYong Motor's factory in Pyeongtaek, Gyeonggi on May 13, 2022. [YONHAP]

SsangYong Motor released from court receivership

SsangYong Motor was released from court receivership Friday, a year and six months after it was put under receivership as its parent company failed to find a new investor.

2022.11.11

Regulator OKs KG Group's takeover of SsangYong Motor

Korea's antitrust regulator said Wednesday it has approved a deal by chemical-to-steel business group KG Group to buy the debt-ridden SsangYong Motor, as the takeover does not hurt market competition.

2022.8.24

SsangYong Motor's Pyeongtaek plant in Gyeonggi [YONHAP]

KG consortium chosen as final SsangYong Motor bidder

A consortium led by KG Mobility has been selected as the final bidder to acquire beleaguered SsangYong Motor.

2022.6.28

A SsangYong Motor store in Seoul [NEWS1]

[NEWS IN FOCUS] SsangYong Motor and its fight to stay afloat

Three bids have been cast for SsangYong Motor, though numerous variables make it still uncertain whether the beleaguered carmaker will actually find a new owner this time.

2022.5.11

Bidding war for SsangYong Motor likely to be between two main candidates

The bidding war to acquire SsangYong Motor is likely to become a one-on-one race between Ssangbangwool Group and KG Group, though at least two more companies have also reportedly showed interest in buying the financially troubled automaker.

2022.4.11

Tag: kg group

kg group

Latest News

KG Mobility, until recently SsangYong Motor, turns a profit

SsangYong Motor released from court receivership

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Regulator OKs KG Group's takeover of SsangYong Motor

KG consortium chosen as final SsangYong Motor bidder

[NEWS IN FOCUS] SsangYong Motor and its fight to stay afloat

Bidding war for SsangYong Motor likely to be between two main candidates