SsangYong Motor Owes Hefty Overdue Debt as it Files for Court Receivership

SEOUL, Dec. 22 (Korea Bizwire) — Debt-ridden SsangYong Motor Co. said Tuesday it owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions as it filed for court receivership a day earlier. As of Tuesday, SsangYong Motor has overdue debts of 100 billion won owed to foreign lenders like JP [...]