SsangYong Group is a South Korean-based Enterprise Group or conglomerate. SsangYong, literally translated, means "Double Dragon". It was largely broken up by the 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.
