Mahindra Asks Gov’t for More Loans for Ssangyong

Chosun Ilbo | Jan 17, 2020 at 12:27 PM
  • A senior executive from India’s Mahindra, which owns SUV-maker Ssangyong, met the head of the state-run Korea Development Bank on Thursday to ask for more soft loans for the ailing automaker.
  • Mahindra managing director Pawan Goenka spent an hour with KDB chief Lee Dong-gull at the bank’s Seoul headquarters.
  • This has raised fears that Mahindra will turn to the Korean government for financial support every time Ssangyong runs into difficulties.