The Board of Dongkuk Steel Mill Company Limited (KOSE:A001230) announced the spin off of Hot Rolling Business Division on December 9, 2022. The transaction has been approved by Board of Dongkuk Holdings and the transaction is subject to approval of shareholders of Dongkuk Holdings. The Record date for distribution is May 31, 2023. The transaction is expected to close on June 1, 2023.

The Board of Dongkuk Steel Mill Company Limited (KOSE:A001230) completed the spin off of Hot Rolling Business Division on June 1, 2023.