KG Group reconfirms SsangYong Motor rebrand
South Korean steel and chemical conglomerate KG Group has reconfirmed its intention to rebrand its recent acquisition, SsangYong Motor, as KG Mobility.
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KG Group
Rehabilitated SsangYong Motor focussed on EV future
Since its acquisition by the KG Group, SsangYong Motor announced on November 11 that it has now completed its corporate rehabilitation procedure which began in April 2021. The South Korean manufacturer says it now planning to increase sales and quickly make a profit.
SsangYong finds a corporate saviour in KG Group
Following a tumultuous period lasting well over a year, it appears that Korean manufacturer SsangYong has found a new owner. According to reports from Korea, chemical and steel company KG Group has been approved to purchase SsangYong.
