Lee Dong-geol "Support for Ssangyong Motor? Find Investors First"

Suggestion to Ssangyong Motor Labor and Management: "Think from the Investor's Perspective"

[Asia Economy Reporter Jin-ho Kim] Lee Dong-geol, Chairman of KDB Industrial Bank, stated on the 28th regarding financial support for Ssangyong Motor, which has begun seeking a new owner by issuing a sale announcement, that "finding a sustainable investor is the top priority."

After attending the startup expo 'Next Rise' held at COEX in Samseong-dong, Seoul, Lee told reporters, "The Ssangyong Motor issue ultimately requires an investor to discuss financial support and many other aspects," emphasizing this point.

He also said, "The Ssangyong Motor labor and management should judge from the investor's perspective and strive to find ways to attract investment," adding, "Only after that can the bank (KDB) make a decision regarding support."

Regarding the report by Han Young Accounting Corporation, the Ssangyong Motor investigation committee, which announced that the 'liquidation value' is higher than the 'going concern value,' Lee said, "I have not received such a report," but added, "I will carefully consider the value related to investment decisions at the final decision stage."

According to the industry, Ssangyong Motor has reportedly received approval from the Seoul Bankruptcy Court to issue the sale announcement on this day. Ssangyong Motor plans to proceed with the sale process by issuing the announcement, receiving letters of intent from interested companies, conducting due diligence, and then selecting a preferred negotiation partner.

Meanwhile, regarding the startup expo 'Next Rise,' which is in its third year this year, Lee said, "It is cautious to say it is satisfactory, but I evaluate it positively in many aspects." He cited the expansion of startup exchanges with major countries as a key achievement.

He emphasized, "This year's Next Rise formed a consensus on the importance of collaboration for nurturing global startups with major countries," adding, "It is significant in that it created an atmosphere for mutual coexistence." He further added, "I believe it provided an important opportunity for our startups to be exposed to overseas investment companies."

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