- SsangYong Group
Infobox Korean name
logo=
logowidth=73px
hangul=쌍용
hanja=雙龍
rr=Ssangyong
mr=SsangyongSsangYong Group is a
South Korea n basedChaebol or conglomerate. "SsangYong", literally translated, means "Double Dragon". It was largely broken up by the East Asian financial crisis in 1997. The chaebol was forced to sell or relinquish control in many of their subsidiary interests including theSsangYong Motor Company , originally joining the Daewoo Group in 1998 and now controlled by the Chinese automobile manufacturer SAIC (Shanghai Automotive Industry Corporation), the Ssangyong Paper Co., now controlled byProcter & Gamble , Ssangyong Cement (Singapore) Ltd., now owned by the shipping company, Afro-Asia, Yongpyung Resort, Ssangyong Heavy Industries, Ssangyong Precision Industry Co., Ssangyong Engineering Co., Riverside Cement sold to Texas Industries, Inc, and Ssangyong Oil Refining Co. sold toAramco in 1999. [ [http://www.ssangyongcement.co.kr/eng/company/info04.php ::: Ssangyong Cement ::: ] ]The
Ssangyong Cement Industrial Co., Ltd is now the core company in the SsangYong chaebol. Its largest shareholder is the Japanese concrete manufacturer,Taiheiyo Cement . Ssangyong Cement's primary subsidiaries are Shanghai Pulong Concrete Product Co., Ltd. (China); Tianjin Yanlong New Building Material Co., Ltd.; Ssangyong Materials; Shanghai Baotailong Concrete Products Co., Ltd. (China).See also
*
1997 East Asian financial crisis
*Economy of South Korea
*List of South Korean companies
*SsangYong Motor Company
*SsangYong Information & Communication Corp References
External links
* [http://www.sycorp.co.kr/ Ssangyong Group Homepage]
* [http://www.smotor.com Ssangyong Motor Homepage]
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