[Breaking News] Yesungtae Ssangyong Motor President "Deeply Responsible as Rehabilitation Proceedings Approach" Resigns

[Asia Economy Reporter Ki-min Lee] On the morning of the 7th, Yesungtae, CEO of Ssangyong Motor, held an emergency executive meeting and expressed his intention to resign.

After the meeting, CEO Ye sent an email to all employees stating, "Regardless of the reasons, I deeply feel responsible as the representative of the company for the situation where the company is once again facing the initiation of rehabilitation procedures," and announced his resignation.