Taiheiyo has already acquired a 30 per cent stake in Ssangyong, whose importance is growing for the Japanese firm as an export base for the key United States market.
According to the paper, Taiheiyo will spend around 1bn yen to purchase Ssangyong shares to raise its stake.
Taiheiyo officials could not be immediately reached for comment. Officials at two of Ssangyong’s major creditors said they were unaware of the news.
