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  September 5, 2001
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Home > Company Index > Conglomerates > Trading Companies > Ssangyong Corporation

Ssangyong Corporation
 PROFILE
The Ssangyong Group, along with South Korea's other "chaebol" (family-run conglomerates), has been forced by the Asian economic crisis to sell several businesses in order to stay afloat. Its trading arm, Ssangyong Corporation, is attempting to steer the group into prosperous waters by exploring new markets while the group sheds older industries such as automobiles and textiles. From humble beginnings as a soap shop, the company has become a global trading behemoth. Following the shakeout of the past two years, Ssangyong's key businesses are machinery, engineering, and information and telecommunications. Ssangyong is reorganizing its slimmed-down operations, and is focusing on digital-related businesses.

 COMPETITION
Hyundai Corporation (dossier)
Samsung Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,985.30
1-Yr. Sales Growth: (65.6)%
Employees: 460
Revenue per employee: $4,315,869.57

 KEY PEOPLE
• Ahn Chong-Won
    CEO
• Kim No-Sik
    CFO

 CONTACT INFO
Ssangyong Global Center, 64, 2-ga, Jeo-dong, Jung-gu
Seoul 100-748, South Korea
Phone: 82-2-2270-8114
Fax: 82-2-2270-8773
Online: Web Site

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