FTC approves KG and Ssangyong Motor Company Combined… Concerns for competition restrictions
The Fair Trade Commission announced on the 24th that it would approve the company's union by determining that there is no concern that there is no concern about the relevant market competition restrictions such as cold rolled plate resources and automobile manufacturing. KG Mobility signed a contract to acquire about 61%of Ssangyong Motor shares and reported the company's combination to the FTC on the 22nd of last month. KG Mobility is a holding company established for corporate combination. A subsidiary includes KG Steel, a steel survey that produces cold rolled plate materials used for automobile manufacturing. Ssangyong is a company that operates and sells automotive and automotive parts. Since its launch of Korando in 1982, it has been producing SUVs such as Tivoli, Rexton and Torres. The FTC found that the company's combination of the domestic cold rolled plate and the automobile manufacturing market occurred, but considering the relevant market containment eff...