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Financially-troubled Fly Gangwon applies for court receivership – The Korea Times

Financially-troubled Fly Gangwon applies for court receivership – The Korea Times
koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.

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KG Group named as new owner of Ssangyong Motor

AsiaToday reporter Choi Won-youngKG consortium has been selected as the final bidder for SsangYong Motor, beating underwear company Sasangbangwool. As.. ....

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Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on board

The rehabilitation plan includes half of SsangYongs staff taking unpaid leave up to two years in a bid to avoid retrenchment. “This sort of a plan will reduce potential job cuts but will definitely bring down labour costs. ....

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Ssangyong Motors may shed some senior executive jobs as part of cost cutting

Ssangyong Motors may shed some senior executive jobs as part of cost cutting
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Synopsis
The Seoul Bankruptcy Court on April 15 approved the debt-rescheduling process for SsangYong Motor as the US-based HAAH Automotive did not submit an LoI by the March 31 deadline. Court receivership is one step short of bankruptcy in South Korea s legal system. In receivership, the court will decide whether and how to revive the company.
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A Ssangyong Motors launch event (2019 pic). M&M had bought the failed carmaker a decade ago.
Cash-strapped Ssangyong Motors plans to cut a few senior executive jobs even as it continues with its ongoing cost cutting drive, said people familiar with the matter. ....

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Court Puts Cash-strapped SsangYong Motor under Court Receivership

Court Puts Cash-strapped SsangYong Motor under Court Receivership
kbs.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbs.co.kr Daily Mail and Mail on Sunday newspapers.

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