- SsangYong Motor announces wage cut for its employees for Jan. and Feb.
- The car company is struggling with court receivership.
- The company’s vehicle sales in 2020 fell 19 percent to 107,324 units.
- Under South Korea’s legal system, court receivership is one step short of bankruptcy.
On Monday, SsangYong Motor Co. as it struggles w....
Tags : SSANGYONG MOTOR CO., CORONAVIRUS PANDEMIC, MAHINDRA & MAHINDRA LTD., SOUTH KOREA LEGAL SYSTEM, KOREA DEVELOPMENT BANK, KDB,