Ssangyong Posts Record Sales

Ssangyong has posted record sales of W3.48 trillion in 2013, up around 21 percent from the previous year and continuing four years of rises, the SUV maker said Thursday (US$1=W1,075).

But it still posted an operating loss of W8.9 billion and net loss of W2.4 billion.

A Ssangyong spokesman said labor relations have stabilized and the New Korando C and other new models sold well. He said operating losses have been shrinking for three years, leading to an "improved financial structure."