The Board of Hyundai Green Food Co.,Ltd. (KOSE:A005440) announced the spin-off of Food and Beverages division on September 16, 2022. As per the plan, post completion the division will be known as Hyundai Green Food while the parent will be known as Hyundai G.F. Holdings Co., Ltd. As on June 30, 2022, generated KRW 1.1 trillion and KRW 949.1 billion. As of February 10, 2023, Hyundai Green Food approved the transaction.

The record date of the transaction is February 28, 2023. The transaction is expected to close March 1, 2023. The transaction is expected to close on April 10, 2023.