S.Korea says to consider support for some automakers

Newswire

SEOUL, Dec 26 (Reuters) - Creditor institutions may lend support to some automakers in 2009, the Ministry of Knowledge Economy said on Friday, raising hopes that troubled sport-utility vehicle maker Ssangyong Motor may get a lifeline. The government "will consider measures to lend liquidity support to some automakers, centred around creditor institutions," the ministry said in its new year policy report to President Lee Myung-bak. Ssangyong shares had jumped prior to the embargoed ...

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