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SsangYong Group is a South Korean based Enterprise Group 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 the SsangYong Motor Company; the Ssangyong Paper Co., now controlled by Hankook P&G, Ssangyong Cement Industrial Co., Ltd, was owned by the shipping company, Afro-Asia; Yongpyung Resort, Ssangyong Heavy Industries, Ssangyong Precision Industry Co., Ssangyong Engineering & Construction Co., Ltd, and Riverside Cement, now controlled by Texas Industries, Inc. and Ssangyong Oil Refining Co., Sale of treasury stock in 1999.
The Ssangyong Cement Industrial Co., Ltd is now the core company in what remains of the SsangYong Group. Its largest shareholder Korea private equity fund, Hahn & Company. Ssangyong Cement's primary subsidiaries are Ssangyong Remicon.
- 1997 East Asian financial crisis
- Economy of South Korea
- List of South Korean companies
- SsangYong Motor Company
- SsangYong Information & Communication Corp