Ssangyong Motor approves use of $33m special fund from India's Mahindra

Ssangyong Motor approves use of $33m special fund from India's Mahindra

Seoul, South Korea. Photo by Jana Sabeth Schultz on Unsplash

South Korea’s Ssangyong Motor Co Ltd on Sunday said it has approved the use of a 40 billion won ($32.86 million) special fund raised by its biggest shareholder to help ease liquidity concern amid cooling demand due to the coronavirus.

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