In 2022, the company was acquired by South Korean chaebol KG Group and adopted its present name in March 2023.

After changing its name to Dong-A Motor (Korean: 동아자동차공업주식회사) in 1977 and taking control of Keohwa in 1984, it was taken over by SsangYong Business Group in 1986.

[8][9] It was spun off as an independent company in 1981, after AMC left the venture and retired the permission to use the Jeep trade mark.

[15] In 1997, Daewoo Motors, now GM Korea, bought a controlling stake from the SsangYong Group, only to sell it off again in 2000, because the conglomerate ran into deep financial troubles.

[16] The strike cost SsangYong 380 billion Won and negotiations ended with workers accepting a wage freeze.

[17] In response to management's plan to cut 2,600 jobs, a third of the workforce, workers at Ssangyong's main factory stopped work and barricaded themselves inside in protest.

[18] The strikes grew violent after water, food, electricity, and medicine were withheld from the strikers and police surrounded the building.

Mahindra also worked with its SsangYong subsidiary to introduce high performance electric vehicles in South Korea for mass-market sales.

[40] Ssang Yong Motor spokesperson stated that the company owes a total of 315.3 billion won (US$285 million) in overdue debt to financial institutions.

[42][43][44][45] In January 2022, the South Korean courts "approved" Edison Motors' acquisition plan, although the company would be kept in receivership until the transaction were completed.

[46] In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.

[47] In December 2021, SsangYong signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car (called U100) which would be launched in 2023.

[49] In August 2022, South Korea's Free Trade Commission approved KG Group acquisition of a 61% majority stake in SsangYong through the consortium.

In September 2022, the Seoul Bankruptcy Court agreed to SsangYong's receivership exit plan, including issuing new shares in order to pay the creditors.

It is thought that the first KGM car in Europe will be a facelifted version of the SsangYong Tivoli, with their range of SUVs being rebranded soon after.

[65] In June 2024, however, The Korea Times reported that KG Mobility was facing difficulties in obtaining the trademark rights for the three-letter abbreviation "KGM".

Even in Korea, the trademark for KGM is also under KIPO’s review, following an objection filed in 2023 by KTM, an Austrian motorcycle manufacturer, which claims consumers are likely to be confused by the two similar acronyms.

In August 2024, KG Mobility said it has established a sales subsidiary in Germany to strengthen its operations in the European market.

[67] In October 2024, KG Mobility announced that it has signed a strategic partnership co-operation agreement with China's Chery Automobile.

In September 2023, it said it plans to sell the present site's land to finance the construction of a new factory in the Pyeongtaek city area, which is set to start in 2024.