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Court Approves KG Consortium as Final Bidder for SsangYong

SEOUL, June 28 (Korea Bizwire) — A Seoul court on Tuesday approved SsangYong Motor Co.’s decision to select a local consortium led by chemical-to-steel firm KG Group as the final bidder for the debt-laden carmaker. In the latest auction, the KG consortium beat underwear company Ssangbangwool in the overall criteria of acquisition prices, fundraising plans [...]

Court Picks KG Consortium as Preliminary Bidder for SsangYong Motor

SEOUL, May 13 (Korea Bizwire) — A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for SsangYong Motor ahead of the auction beginning later this month to find a new investor for the carmaker. The new auction comes two months after local electric bus maker [...]