Ssangyong: SAIC exit only in worst-case scenario


SEOUL, Dec 24 (Reuters) - Ssangyong Motor on Wednesday confirmed that its CEO said major shareholder China's SAIC Motor Corp may withdraw from South Korea, but added the option was possible only in a worst-case scenario. Two Ssangyong spokesmen confirmed a report published in the Korea Economic Daily that quoted Ssangyong CEO Choi Hyung-tak as saying that SAIC, which holds a 51 percent stake in the South Korean carmaker, could leave the country if labour unions continued to reject ...

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