COWELL FASHION Co.,Ltd agreed to Spin-Off Sewing garment manufacturing business division on July 27, 2023. The entity will be named Pond Group Co., Ltd. The division had sales of KRW 209 billion, total assets of KRW 263 billion, and total debt of KRW 77 billion. Shareholders on the meeting held on December 12, 2023, has approved the transaction.

COWELL FASHION Co.,Ltd completed the Spin-Off of Sewing garment manufacturing business division on December 28, 2023.