Financial Times FT.com

SAIC urged to help Ssangyong

By Song Jung-a

Published: January 12 2009 17:01 | Last updated: January 12 2009 17:01

South Korea’s financial regulator called on China’s Shanghai Automotive (SAIC) to do more to help save its Ssangyong Motor unit after the Korean carmaker was last week forced to file for bankruptcy protection.

The plea came as Ssangyong’s union voted in favour of a strike and called on the South Korean government to inject cash into the country’s smallest carmaker.

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