Ssangyong Motor Defaults on Loan Principal and Interest Amounting to 255 Billion Won
[Asia Economy Reporter Park Jun-yi] Ssangyong Motor announced on the 22nd that there has been a principal and interest delinquency on a loan principal of 255 billion KRW.
The company stated, "Due to the Seoul Bankruptcy Court's provisional disposition decision and comprehensive injunction related to the application for commencement of rehabilitation proceedings, we were unable to extend or repay the debt."
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The amount of this loan principal and interest delinquency corresponds to 34.07% of the company's equity capital.
This content was produced with the assistance of AI translation services.
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