Eun Sung-soo and Ssangyong Motor Union Chairman Put Heads Together Over Ssangyong Motor Revival

Meeting at the National Assembly in Yeouido, Seoul on the 31st

Eun Sung-soo, Chairman of the Financial Services Commission, is attending the 'Real Estate Market Inspection Meeting of Related Ministers' held at the Government Seoul Office in Jongno-gu, Seoul, on the 6th. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Jin-ho Kim] Eun Sung-soo, Chairman of the Financial Services Commission, and Jeong Il-gwon, Chairman of the Ssangyong Motor Labor Union, met at the National Assembly in Yeouido, Seoul, to discuss the current issues of Ssangyong Motor, which is undergoing corporate rehabilitation procedures.

On the 31st, a financial authority official stated, "Chairman Eun visited the National Assembly and met with the Ssangyong Motor labor union chairman."

It is reported that Chairman Jeong explained the union's efforts to save Ssangyong Motor during the meeting. The government's support for Ssangyong Motor and the issue of workforce restructuring were also likely discussed.

In response, Chairman Eun is known to have emphasized close cooperation with prospective buyers, stating that the government shares interests from the perspective of saving Ssangyong Motor.

Earlier, in February, Chairman Eun attended a plenary session of the National Assembly's Political Affairs Committee and said regarding the Ssangyong Motor situation, "Since there is employment involved, if it is okay, saving it would be good."

Ssangyong Motor plans to select a lead sales agent as early as this week. Afterward, they will narrow down 4 to 5 companies that have expressed acquisition intentions, conduct due diligence, and select a preferred negotiation partner. Companies that have officially expressed acquisition intentions for Ssangyong Motor include the previous preferred negotiation partner, the U.S. company HAAH Automotive, domestic electric bus manufacturer Edison Motors, electric vehicle company K-pop Motors, and private equity firm Park Seok-jeon & Company.

Meanwhile, the meeting was reportedly arranged at the request of the Ssangyong Motor labor union. Yoo Ui-dong, a member of the People Power Party representing Pyeongtaek-eul district in Gyeonggi Province, also participated.

This content was produced with the assistance of AI translation services.