HDC iControls Absorbs and Merges with HDC iService

[Asia Economy Reporter Oh Ju-yeon] HDC iControls announced on the 4th that it will merge with HDC iService through an absorption merger. The company stated, "We decided to merge to achieve sustainable growth by maximizing synergy effects from the merger, strengthening competitiveness, and improving management efficiency." The name of the surviving company after the merger will be tentatively 'HDC Labs Co., Ltd.'