According to the financial industry on the 31st, Chairman Eun had a meeting with Chairman Chung at the National Assembly in Yeouido, Seoul on the same day. The People’s Power lawmaker Yu Yu-dong, who is in Pyeongtaek, Gyeonggi-do, where Ssangyong Motor’s headquarters is located, also attended.
Chairman Jung is known to have explained the union’s efforts to revive Ssangyong Motor. It is reported that Chairman Eun also expressed his intention to share interests with the government from the point of view of saving Ssangyong Motor.
Ssangyong Motor, which is undergoing corporate rehabilitation procedures (former court management), plans to select a sales manager as early as this week. After that, companies that have expressed their intention to take over are selected and the preferred bidder is selected by conducting due diligence.
Companies that have officially announced their intention to acquire Ssangyong Motor include HAAH Automotive, a US preferred bidder, Edison Motors, a domestic electric bus manufacturer, K-Pop Motors, an electric vehicle company, and a private equity fund, Seok-Jeon Park & Company.