[경제]SsangYong Motor Acquisition Battle begins…KG group vs SsangBul group

[앵커]

The acquisition battle for a new owner of Ssangyong Motor is being compressed into a quantum structure between the KG Group and Ssangbull.

When debt and operating capital are included, more than KRW 1 trillion is required, and the two groups are confident of victory by stating successful M&A and financial strength.

Reporter Seungyoon Lee visited both companies.

[기자]

Ssangyong Motor, which was a strong player in domestic SUVs and pickup trucks represented by the Korando and Musso series,

India’s Mahindra Group gave up its management rights, and it went into court management in 2020, and after the takeover of Edison Motors failed.

Enplus, a small and medium-sized company that produces fire trucks and special vehicles, announced that it had given up its participation in the Ssangyong takeover battle, and now the takeover battle has been compressed into a bilateral structure.

Under this circumstance, KG Group, which had experience in successfully acquiring Dongbu Steel, jumped into the battle to acquire Ssangyong Motor with its abundant financial power.

Let’s meet in person and hear the story.

[한종희 / KG그룹 상무 : KG그룹은 우수한 재무상태와 풍부한 유동성을 보유하고 있습니다. KG그룹이 보유한 철강 사업은 물론, 2차 전지 소재 사업을 연계시켜 큰 시너지를 얻을 수 있을 것으로 기대합니다.]

On the other hand, the Ssangbangbang Group took on the challenge by stating as a weapon the synergy effect with the funds to acquire Eastar Jet and Kwanglim, an affiliate that makes special vehicles and cranes.

Let’s meet in person and hear the story.

[장진우 / 쌍방울 그룹 홍보실장 : 현재 6,500억 원에 대한 자금이 여력이 생긴 상황이고, 무주 리조트와 레이더스 야구팀으로 기억하시는 분들도 많은데요. 그 모든 아픈 과정을 잘 딛고 이제는 잘 성장을 해서 현재로서는 7개의 상장사와 8개의 계열사를 거느린 기업으로 거듭났습니다.]

The homework that the winner of the takeover battle must solve is not formidable.

First, more than 1 trillion won is needed to settle the debt, and we need to feed 5,000 employees.

The issue of developing electric vehicle technology and securing design competitiveness is also urgent.

There is not much time left for Ssangyong.

You can avoid liquidation by finding a new owner by October and obtaining approval for the rehabilitation plan.

This is YTN Lee Seung-yoon.

YTN Lee Seung-yoon ([e-mail])

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