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Ssangyong Motor, in a liquidity crisis, closed the door again today (17th), one day after restarting the plant.

If they do not find new investors, they have to go into court management, but Renault Samsung and GM Korea are also in a bad situation.



This is Lee Sung-hoon.



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Ssangyong Motor's Pyeongtaek Plant, one employee is invisible.



The factory closed twice this month, but it was shut down again after a day of restart.



71 out of 300 suppliers are refusing to supply parts.



[Ssangyong Motor's partner company official: We haven't received the draft payment yet.

The contract term is that bills are also due.]



Workers who have jobs are suffering.



[Kim Deuk-joong/Ssangyong Motor Corp. Manager, Metals Union: I have the biggest concerns and anxiety that the situation in 2009 will reappear.

We are getting 50% of our salary.

It's a big burden.]



To pay for the delivery, you have to run the factory somehow, and it's an endless vicious cycle.



The number of Ssangyong Motor employees is 4,800, and it is estimated that the number of employees in related industries and their families is 600,000.



This is why the crisis of Ssangyong Motor is a crisis of the local community.



[Kim Gyu-ri/Restaurant management: What would the staff come to eat?

When you close the door.

The area will be tough.

Everyone is worried.]



Ssangyong Motor plans to apply for the'P plan', a preliminary rehabilitation plan, to the court next month. If it goes into court management because it cannot find a new investor, it will affect the jobs of small and medium-sized partners.



[Kim Seok-kyung/Ssangyong Motor Cooperative Association Secretary General: If you say that it takes a long time to recover, then SMEs will go bankrupt first.

Several companies have had their employees not going to work.]



Renault Samsung has already reduced its executives by 40%, and is receiving hopeful retirement for all employees. Overlapping is causing production disruption.



As the three middle-sized foreign automakers are facing a management crisis, fears of mass unemployment and regional economic collapse are growing.



(Video coverage: Yoohyuk Yoo, video editing: Jung Yonghwa)