Exchange Requests Business Division and Subsidiary Establishment Disclosure from Hyundai Mobis

[Asia Economy Reporter Kwon Jae-hee] The Korea Exchange requested Hyundai Mobis on the 16th to disclose information regarding its business division and the establishment of a module and parts subsidiary. The disclosure deadline is by 6 p.m. on the same day.

Earlier, there were media reports that Hyundai Mobis is pursuing a business restructuring by separating its module and parts production business into a subsidiary. The plan is to leave only the after-sales service (AS) division and research and development (R&D) roles within the company, while entrusting production to the subsidiary. Accordingly, Hyundai Mobis is reportedly considering operating its domestic business sites by dividing them into five divisions.

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