S.Korea's Hyundai Mobis considers separating businesses into new units

Hyundai Mobis

18/08/2022 07:56

SEOUL, Aug 18 (Reuters) - South Korea's Hyundai Mobis Co Ltd
 012330.KS  said on Thursday it was considering separating its
modules and key parts businesses into new units to enhance each
unit's expertise and maximize efficiency. 
    The auto parts maker plans to hold a board meeting in
September to approve plans to separate the businesses into
wholly-owned units expected to be launched in November, Hyundai
Mobis said in a regulatory filing. 

 (Reporting by Joyce Lee and Heekyong Yang; Editing by Kim
Coghill)
 ((Heekyong.Yang@thomsonreuters.com;))