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SsangYong Motor Company has been given a new owner for the fifth time with the court's approval for corporate rehabilitation.

Expectations are high as the response to the recently launched new car is high.



This is reporter Jeong Hye-jin.



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Creditors and shareholders who will decide the fate of Ssangyong Motor have gathered at the Seoul Rehabilitation Court.



With the majority of creditors in agreement with Ssangyong Motor's rehabilitation plan, the court finally approved the plan.



With this, Ssangyong Motor became the new owner of KG Group.



It seems that he will graduate from court administration in 1 year and 8 months.



The total amount of the acquisition paid by KG Group is 365.5 billion won.



[Kwak Jae-sun / Chairman of KG Group: (About the rehabilitation plan) He showed more than 95% approval rate, and he had many conversations with creditors in the meantime, with the mindset to try again…

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Ssangyong Motor was once called the famous SUV brand represented by the Korando and Musso.



However, the ownership started to change due to the financial crisis, and this time, KG Group became the fifth owner.



In particular, during the Shanghai Automobile era, the so-called SsangYong Motor crisis suffered serious injuries to the union, the company, and our society.



Ahead of this decision, the chairman of the union of Ssangyong Motors sent a handwritten letter to the representatives of over 350 suppliers asking them to save the company.



[Sun Mok-rae / Ssangyong Motor Union Chairman: In the future, we will work hard so that we can be reborn once again as a famous SUV with the KG group...

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The recently released SUV Torres, which broke through 60,000 contracts in two months, received a good response, which also helped to change the minds of creditors.



However, it is unclear whether Ssangyong Motor will be able to respond well to a time of major change from internal combustion locomotives to electric vehicles.



[Lee Ho-geun/Professor, Department of Automobile, Daedeok University: Torres and other models also need to spend more than a trillion dollars to develop an electric vehicle in the future, and more than one trillion dollars is needed to launch an electric car...

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In order for Ssangyong to make a profit, it is necessary to increase production volume at least twice as much as it is now.



(Video coverage: Seol Min-hwan, video editing: Kim Jong-mi)