SAIC urged to help rescue Ssangyong

The plea came as Ssangyong's union voted in favour of a strike and called on the South Korean government to inject cash into the country's smallest carmaker.

“The top shareholder, lead creditor and the court should make efforts for Ssangyong's survival,” Rhee Chang-yong, the deputy head of the Financial Services Commission, told a local radio station.

The South Korean government has previously refused to come to the assistance of Ssangyong unless SAIC, which paid about $500m for a 49 per cent stake in Ssangyong in 2004, put in additional capital.

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