Edison Motors seeks to acquire SsangYong by borrow a loan from KDB  

Edison Motors is seeking to ask for a loan from Korea Development Bank to acquire the troubled SsangYong Motor. The company is wanting to receive a loan of 700 billion to 800 billion won, as told by its chief executive officer.

Highlights

• Edison Motors is seeking a loan of 700 billion to 800 billion won from KDB
• SsangYong is one of the oldest auto company in South Korea